Key Takeaways
- Craig Wright (aka Faketoshi) files a £911 billion lawsuit against Bitcoin Core and Square, accusing them of misrepresenting Bitcoin’s ‘original design principles’.
- The lawsuit focuses on alleged misrepresentation of Bitcoin's design rather than Wright’s contested identity as Satoshi Nakamoto.
- This lawsuit raises concerns of a potential injunction violation, which could lead to serious legal consequences for Faketoshi.
Craig Wright Files £911 Billion Lawsuit Against Bitcoin Core and Square
Craig Wright has initiated a £911 billion lawsuit against Bitcoin Core and Squareup Europe Ltd, claiming that they misrepresented Bitcoin’s ‘true design’.
Wright’s legal action is self-represented, without a lawyer, and targets Bitcoin Core developers and related parties.
The lawsuit focuses on alleged misrepresentation of Bitcoin's design rather than Wright’s contested identity as Satoshi Nakamoto.
Wright’s Focus on Bitcoin’s Original Design Principles
Wright asserts that Bitcoin was originally designed as a form of electronic money for microtransactions, not requiring central entities.
He claims that Bitcoin Core has deviated from these ‘foundational principles’ and demands proof of adherence to them.
If Bitcoin Core can demonstrate that these alleged design principles are intact, Wright suggests he may withdraw the lawsuit.
Potential Legal Consequences of Wright’s Lawsuit
In July, Judge Mellor issued an injunction prohibiting Wright from filing legal actions based on his claim of being Satoshi Nakamoto.
BitMEX Research indicates this lawsuit could potentially violate that injunction, given certain passages in the legal documentation.
A violation of the injunction may result in serious legal repercussions, including the possible issuance of an arrest warrant against Faketoshi.
