Federal Character
  • Home
  • News
  • Politics
  • Business & Finance
  • Entertainment
  • Sports
  • Tech
  • Relationship and Life
  • Fashion & Lifestyle
  • Food & Nutrition
  • Health
  • Opinion
No Result
View All Result
  • Home
  • News
  • Politics
  • Business & Finance
  • Entertainment
  • Sports
  • Tech
  • Relationship and Life
  • Fashion & Lifestyle
  • Food & Nutrition
  • Health
  • Opinion
No Result
View All Result
Federal Character
No Result
View All Result
Home Tech

Alleged Bitcoin Inventor Faces Contempt of Court Charge in $1.2B UK Lawsuit

Somto NwanoluebySomto Nwanolue
November 1, 2024
in Tech
0
Alleged Bitcoin Inventor Faces Contempt of Court Charge in $1.2B UK Lawsuit
Share on FacebookShare on TwitterShare on Whatsapp

An Australian computer scientist who insisted he invented bitcoin has been accused of contempt of court on Friday, November 1 after he filed a 911 million-pound ($1.18 billion) lawsuit against Twitter founder, Jack Dorsey’s payments firm Block in Britain.

Craig Wright had claimed to have been the writer of the foundational text of bitcoin published under the pseudonym “Satoshi Nakamoto” however, a court had discovered that there was “overwhelming evidence” that Wright did not write the 2008 text.

To prevent him from suing bitcoin developers, the Crypto Open Patent Alliance took legal action against Wright and after a trial at London’s High Court, a judge said in a written ruling in May that Wright had lied “extensively and repeatedly” and falsified documents “on a grand scale”.

The judge had in July, referred Wright to Britain’s Crown Prosecution Service to consider and check whether he should be trued for perjury. He also made an order preventing Wright from bringing any litigation on the basis of his claim to be Satoshi.

However, Wright had appealed against the ruling and as at the time of filing this report, a decision on whether he can bring an appeal has not yet been made.

He also denied falsifying documents when he gave evidence in February.

COPA’s lawyer, Jonathan Hough said at a preliminary hearing on Friday that Wright had breached the injunction after her filed a lawsuit against Square Up Europe Limited – a company owned by Bloc– earlier this month.

“I do not believe I am in contempt,” Wright had been quoted adding that if he was found to be in contempt of court, he was ready to ‘fix’ his lawsuit to make clear the case had “nothing to do with the ownership of the creation of the system”.

A trial to determine whether Wright is in contempt will be heard in December but for now, Wright’s lawsuit against Block has been put on hold for the meantime.

Tags: Alleged Bitcoin Inventor Faces Contempt of Court Charge in $1.2B UK LawsuitBitcoincourtfederal characterInventorLawsuitNewsUK
Somto Nwanolue

Somto Nwanolue

Somto Nwanolue is a news writer with a keen eye for spotting trending news and crafting engaging stories. Her interests includes beauty, lifestyle and fashion. Her life’s passion is to bring information to the right audience in written medium

Related Posts

Is Artificial Intelligence Changing the Japanese Music Industry?
Tech

Is Artificial Intelligence Changing the Japanese Music Industry?

September 16, 2025
DeepSeek AI Launches Upgraded Model with Domestic Chip Support
Tech

DeepSeek AI Launches Upgraded Model with Domestic Chip Support

August 21, 2025
Nigeria Launches Anti-Cybercrime Sweep, Deports 50 Chinese Citizens
Tech

Nigeria Launches Anti-Cybercrime Sweep, Deports 50 Chinese Citizens

August 21, 2025
Next Post
Black Man Faces Execution in South Carolina For Killing a White Store-Clerk

Black Man Faces Execution in South Carolina For Killing a White Store-Clerk

America Decides: How the 2024 U.S. Election Could Shape the World

America Decides: How the 2024 U.S. Election Could Shape the World

Rudeboy of PSquare Welcomes New Baby with Wife Ivy Ifeoma

Rudeboy of PSquare Welcomes New Baby with Wife Ivy Ifeoma

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Three Arrested for Armed Robbery, Cultism In Akwa Ibom, Firearms Recovered

Three Arrested for Armed Robbery, Cultism In Akwa Ibom, Firearms Recovered

5 months ago
Bida Poly Tragedy: Male and Female Students Discovered Dead in Niger

Bida Poly Tragedy: Male and Female Students Discovered Dead in Niger

1 year ago
Jennifer Lopez Joins Kamala Harris in Nevada, Condemns Trump Rally

Jennifer Lopez Joins Kamala Harris in Nevada, Condemns Trump Rally

12 months ago
Marine Le Pen Calls for Nationwide Protests After Election Suspension

French Court Bans Marine Le Pen from Public Office: A Political Earthquake in France

7 months ago

Categories

  • Beauty
  • Business & Finance
  • Entertainment
  • Fashion & Lifestyle
  • Food & Nutrition
  • Government
  • Health
  • News
  • Politics
  • Relationship and Life
  • Sports
  • Tech

Topics

2023 Aboki/Bureau De Change (BDC) apc Arsenal buhari Business cbn chelsea china court Davido Dollar Efcc Election Entertainment Euro and Pounds To Naira Exchange Rate For Today exchange rates for the Nigerian Naira (NGN) Fashion federal character federal government Finance food Football Foreign News government health inec Israel lagos Manchester United Naira Naira Black Market exchange rates News Nigeria pdp police Politics president protest Russia Sports tinubu trump ukraine US
No Result
View All Result

Highlights

Another Round: ASUU Declares Total Strike

Raphael Varane Advocates for a Ban on Header Practice for Kids

Tiger Woods Back Surgery Goes Well, Future in Golf Still Unclear

Movie Review: A Knock at Life Delivers Emotion but Stumbles in Pacing

Why I Chose Lagos instead of London for Guinness World Record Makeover Attempt – Tacha

October Onslaught: Naira Free-Falls as Dollar, Euro, Pound Tighten the Noose

Trending

September Surrender: Naira Kneels as Dollar, Euro, Pound Dance on Its Weakness
Business & Finance

October Onslaught: Naira Free-Falls as Dollar, Euro, Pound Tighten the Noose

byEriki Joan Ugunushe
October 13, 2025
0

The Nigerian Naira has been dealt yet another humiliating blow in the black market, as foreign currencies—particularly...

Your Screen Time is Causing "Digital Aging"—Here’s How to Fix It

Your Screen Time is Causing “Digital Aging”—Here’s How to Fix It

October 12, 2025
Gbenga Daniel Begs Nigerians to Reelect Tinubu in 2027

Gbenga Daniel Begs Nigerians to Reelect Tinubu in 2027

October 12, 2025
Another Round: ASUU Declares Total Strike

Another Round: ASUU Declares Total Strike

October 12, 2025
Raphael Varane Advocates for a Ban on Header Practice for Kids

Raphael Varane Advocates for a Ban on Header Practice for Kids

October 12, 2025

We launched Federal Character in February 2021 based on the belief that the world is in need of smarter and more efficient reporting of events shaping our rapidly changing world. We pledged to put our audience first, always.

Recent News

  • October Onslaught: Naira Free-Falls as Dollar, Euro, Pound Tighten the Noose
  • Your Screen Time is Causing “Digital Aging”—Here’s How to Fix It
  • Gbenga Daniel Begs Nigerians to Reelect Tinubu in 2027

Categories

  • Beauty
  • Business & Finance
  • Entertainment
  • Fashion & Lifestyle
  • Food & Nutrition
  • Government
  • Health
  • News
  • Politics
  • Relationship and Life
  • Sports
  • Tech

© 2024 FederalCharacter.com

No Result
View All Result
  • Home
  • News
  • Politics
  • Business & Finance
  • Entertainment
  • Sports
  • Tech
  • Relationship and Life
  • Fashion & Lifestyle
  • Food & Nutrition
  • Health
  • Opinion

© 2024 Federalcharacter.com