Craig Wright Makes First Anti-Satoshi Comment in Bitcoin Whitepaper Grilling

Godfrey Benjamin
February 24, 2024
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Craig Wright received a 1-year jail sentence

Highlights

  • Craig Wright almost backtracked on claims of being the Bitcoin creator recently
  • Ongoing court hearing is shedding new light on Craig Wrights claims to be Satoshi
  • Would the world someday know who Satoshi Nakamoto is?

In a new court hearing, self–acclaimed Bitcoin creator Dr. Craig Wright almost refuted claims to be Satoshi Nakamoto.

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Craig Wright Faces Cross Examination in Satoshi Nakamoto Identity Case

There has been a legal showdown ever since Wright claimed that he is the enigmatic creator of Bitcoin Satoshi Nakamoto. The matter went as far as attracting the attention of the Crypto Open Patent Alliance (COPA) which levied serious accusations against Craig Wright. Afterward, the case was taken to the London High Court with Justice Edward James Mellor as the presiding judge.

The lawsuit was focused on addressing the consequences of Wright’s claim as well as the broader implications of his actions on the cryptocurrency community. Together with top tech companies like Meta and Block, COPA accused Craig Wright of perpetuating an “elaborate false narrative” through widespread forgery.

Markedly, this was not the first lawsuit against Wright as he has had a series of lawsuits within the crypto community. A few weeks ago, the lawsuit took a new turn as Wright faced cross-examination. He has been unable to provide cryptographic evidence to substantiate his claims of being Satoshi Nakamoto. 

He has also failed to recall any specific Bitcoin transactions under the pseudonym Satoshi. Over time, there have been several inconsistencies in his past testimonies therefore COPA made it a point of duty to uncover any alleged forgery by Craig Wright and prevent him from suing more individuals who dispute his claim to be Satoshi Nakamoto.

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Hearing Takes a Twist

On the 15th day of the Craig Wright hearing, the Bitcoin developer’s lawyer Alexander Gunning once again pointed out that Wright’s claim to be Satoshi is a fraud. Gunning made this emphatic allegation based on hard evidence presented and because Craig’s recollection of the resources that were used in the Bitcoin Whitepaper was false.

Rather than refute Gunning’s position, Craig Wright stated that he didn’t need to be Satoshi, a move that may imply that he was never the pseudonymous Bitcoin creator. He made this assertion as he self-appraised his own Bitcoin SV (BSV) protocol which was recently removed for trading on Coinbase Exchange.

“BSV already does more transactions than Oracle and Microsoft. Governments are talking to us,” Wright added to showcase how relevant BSV is growing.

The cross-examination is bound to continue on Monday but in the meantime, Craig Wright’s claims remain one that many in the industry may have to ponder and analyze for some time as the search for Satoshi Nakamoto continues.

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Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
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Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
About Author
Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture. Follow him on X, Linkedin
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.