Cryptocurrencies

    UK court blocks ?6 million in assets of Craig Wright over Bitcoin claim

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    A UK court has issued a worldwide freezing order on £6 million of Craig Wright's assets, following his disputed claim to be Satoshi Nakamoto, the enigmatic creator of Bitcoin (CRYPTO:BTC).

    This legal action aims to secure funds for covering court expenses incurred by the Crypto Open Patent Alliance (COPA), totaling over $8 million, after Wright's unsuccessful bid to prove he is the mastermind behind Bitcoin.

    Wright's attempt to transfer assets out of the UK, specifically shares of his London firm to a Singapore entity, raised alarms about potential evasion of trial repercussions, prompting the court's decisive intervention.

    As a founding figure in the cryptocurrency community's efforts to keep the technology open and free from patent barriers, COPA's lawsuit against Wright challenges his copyright claims over the Bitcoin network and its foundational white paper.

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