CraigWrighthasinitiatedanewlawsuitagainstBitcoinCoredevelopers,accordingtoanOct.15filingsubmittedtotheChanceryDivisionoftheHighCourtinLondon.

WrightallegesthatrecentupgradestoBitcoin’s(BTC)protocolhavedeviatedfromitsoriginaldesignandcausedfinancialharm.Heisseekingmorethan$1billionindamages.

BTCvs.BSV

ThecasecentersonprotocolmodificationsintroducedthroughTaprootandSegregatedWitness(SegWit),whichWrightclaimshavemisledthepublicintobelievingthatBitcoinmaintainsitsoriginalattributes.

AccordingtoWright:

“ThesechangeshavecausedconfusioninthemarketandhavecompromisedthevisionoftheoriginalBitcoinprotocol.”

WrightispursuingcompensationbasedonthevaluedifferencebetweenBitcoin(BTC)andBitcoinSatoshi’sVision(BSV),adigitalassetheclaimsisthetruecontinuationofBitcoin.

AsofOct.10,Bitcoinwastradingat$62,000,whileBSVstoodat$65.Wright’slawsuitseeks$1.18billionindamages,arguingthatBitcoinCore’supgradeshaveunderminedhisversionoftheflagshipcrypto.

Legalhistory

ThelatestlawsuitmarksanotherchapterinWright’slonghistoryoflegaldisputes,manyofwhichhavecenteredonhiscontroversialclaimofbeingBitcoin’spseudonymouscreator,SatoshiNakamoto.

Despitepreviousrulingsagainsthim,Wrightcontinuestopursuelegalchallenges,thistimerepresentinghimselfincourt.HiseffortstoprovehisclaimasSatoshihavebeenmetwithskepticism,withmultiplecourtsrulingagainsthisassertionsinrecentyears.

Hispreviouscourtlossesincludeonein2022,wherehewasunabletocryptographicallyproveheholdstheprivatekeysassociatedwithBitcoin’sgenesisblock,acriticalelementinverifyingSatoshiNakamoto’sidentity.

Anotheroccurredin2023whenacourtruledthathehadnolegitimateclaimtotheBitcoinwhitepaper,andthelatestwasearlierthisyearwhenaUKcourtruledthathewasnottheBitcoincreatorandorderedhimtostoppursuingfurtherlawsuitsrelatedtohisidentityasSatoshi.

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