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.
cryptoslate.com