Craig Wright Exposed as Fraud: Admits He Did Not Invent Bitcoin, Faces Criminal Charges

 Craig Wright’s Fraudulent Claims Exposed: Admits He Did Not Create Bitcoin

Craig Wright, the controversial Australian entrepreneur, has finally conceded that he is not Satoshi Nakamoto, the mysterious creator of Bitcoin. This admission comes as a significant blow to Wright, who has long claimed to be the person behind the world’s most famous cryptocurrency. The acknowledgment is prominently displayed on his website, craigwright.net, complying with a British High Court order.

 Legal Battle Ends With Public Admission

The Crypto Open Patent Alliance COPA successfully brought a lawsuit against Wright, leading to the court’s decision in March that unequivocally ruled Wright was not Satoshi Nakamoto. The complete judgment, now publicly accessible, reveals the court’s stern stance, indicating that Wright could face criminal prosecution for perjury and forgery due to his false claims.

 Ban on Legal Actions Over False Claims

As part of the court’s ruling, Wright must publicly acknowledge the judgment on his website, Twitter, and Slack for the next six months. While his website has been updated with the declaration, his Twitter account remains unchanged since May 20, when he announced his intention to appeal the decision. The court’s injunction also prevents Wright from initiating or threatening any legal action based on his false identity as Satoshi Nakamoto. This injunction extends to lawsuits directly initiated by Wright or through third parties.

 Potential Criminal Charges Loom

Wright's legal troubles may not end with the court's decision. The judge has recommended Wright's case to the Crown Prosecution Service CPS for potential criminal prosecution. The charges could include perjury and forgery, stemming from Wright's false testimony during the lawsuit. The CPS will determine whether to pursue the case, which might involve seeking Wright’s extradition since he has reportedly left the UK.

 Financial Repercussions and Freezing Order

In addition to the looming threat of criminal charges, Wright faces significant financial penalties. He has been ordered to pay legal costs amounting to £5.9 million to COPA, £115,000 to Bitcoin Core, and £900,000 to Coinbase, among others. To ensure these costs are covered, the court has imposed a worldwide freezing order of £6 million on Wright’s assets.

 Conclusion

Craig Wright’s forced admission marks a critical juncture in the long-standing controversy over the true identity of Bitcoin’s creator. The court’s ruling not only puts an end to Wright’s fraudulent claims but also serves as a cautionary tale about the serious consequences of perjury and forgery. As the crypto community watches closely, the outcome of potential criminal proceedings could further shape the narrative around Bitcoin’s origins.

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