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Market News

Judge Rules Craig Wright Guilty of Forgery in Satoshi Claims

Written By Gabriel Mael
Published May 21, 2024 2:28 AM·Updated 2 years ago
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Judge Rules Craig Wright Guilty of Forgery in Satoshi Claims

A UK judge has ruled that Craig Wright, a computer scientist who claims to be Bitcoin’s creator, Satoshi Nakamoto, is guilty of extensive forgery and lying before the court.

High Court Justice James Mellor’s judgment, which was presented on Monday, stated that Craig has repeatedly lied to support his claims of being Nakamoto.

UK judge finds Craig Wright guilty of forgery and lying about being Bitcoin creator Satoshi Nakamoto
UK judge finds Craig Wright guilty of forgery and lying about being Bitcoin creator Satoshi Nakamoto | Source: Judiciary.uk

Craig Wright also faced a trial against the Crypto Open Patent Alliance (COPA) back in February 2021. COPA is a recognized group of major crypto firms that work to protect open-source developers. In response to the ruling, Wright shared a post on X, claiming he intends to appeal the decision. He also thanked his supporters for their encouragement and support.

“I fully intend to appeal the decision of the court on the matter of the identity issue. I would like to acknowledge and thank all my supporters for their unwavering encouragement and support” He tweeted

I fully intend to appeal the decision of the court on the matter of the identity issue. I would like to acknowledge and thank all my supporters for their unwavering encouragement and support. In the meantime, I shall continue to work closely with the Teranode team to achieve…

— Dr Craig S Wright (@Dr_CSWright) May 20, 2024

In the same post, he shared his plans for continued collaboration with the Teranode team to achieve scaling beyond three million transactions per second.

The decision against Craig Wright brings to light the importance of honesty and transparency in general and honesty and transparency in the cryptocurrency industry in particular. It may discourage some players from spreading unfounded information that could confuse investors and enthusiasts.

Also Read: Dogwifhat Price Analysis Suggests $3 Breakout

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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