Self-proclaimed bitcoin inventor faces contempt of court case over $1.2 bln UK lawsuit – One America News Network

November 1, 2024 – 7:22 AM PDT

Australian computer scientist Craig Wright arrives at the Rolls Building of the High Court in London, Britain, February 5, 2024. REUTERS/Hannah McKay/File Photo

LONDON (Reuters) – An Australian computer scientist who claimed he invented bitcoin was on Friday accused of contempt of court after he filed a 911 million-pound ($1.18 billion) lawsuit against Twitter founder Jack Dorsey’s payments firm Block SQ.N in Britain.

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Craig Wright claimed to have been the author of the foundational text of bitcoin published under the pseudonym “Satoshi Nakamoto”. But a court found that there was “overwhelming evidence” that Wright did not write the 2008 text.

The Crypto Open Patent Alliance took legal action against Wright to stop him suing bitcoin developers. After a trial at London’s High Court, a judge said…

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