• Home
  • News
  • Government
  • Business & Finance
  • Entertainment
  • Sports
  • Tech
  • Health
  • About Federal Character
  • Advertise With Us
Federal Character
No Result
View All Result
Federal Character
  • Home
  • News
  • Government
  • Business & Finance
  • Entertainment
  • Sports
  • Tech
  • Health
  • About Federal Character
  • Advertise With Us
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

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

Somto NwanoluebySomto Nwanolue
2 years ago
in Tech
Reading Time: 2 mins read
A A
0
Facebook ShareWhatsapp ShareX Share

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
Share234SendTweet146
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 Stories

Meta's AI Ambitions Stalled as Google Refuses to Sell All the Gemini Capacity It Wanted

Meta’s AI Ambitions Stalled as Google Refuses to Sell All the Gemini Capacity It Wanted

bySomto Nwanolue
0

Google has refused to sell Meta all the Gemini AI computing capacity it wanted, telling the social media giant around March 2026 that it simply could not meet...

Meta Exposed: Secretly Using Fake Teens to Sabotage AI Rival

Meta Exposed: Secretly Using Fake Teens to Sabotage AI Rival

byEriki Joan Ugunushe
0

A new investigative report has revealed that Meta ran a highly secretive operation designed to test and potentially disrupt its biggest competitors, as they were secretly using fake...

Microsoft Data Centre Faces Lawsuit Over Alleged Noise Pollution In Wisconsin

Microsoft Data Centre Faces Lawsuit Over Alleged Noise Pollution In Wisconsin

byAyobami Owolabi
0

Residents living close to Microsoft’s Fairwater data centre in Mount Pleasant, Wisconsin, have filed a lawsuit against the tech giant, alleging that excessive noise from the facility has...

Meta CEO Zuckerberg Admits AI 'Miscalculations' After Laying Off 8,000 US Employees

Meta CEO Zuckerberg Admits AI ‘Miscalculations’ After Laying Off 8,000 US Employees

bySomto Nwanolue
0

Meta CEO Mark Zuckerberg conceded at an internal town hall this week that the company's sweeping restructuring had not delivered the expected results, admitting that AI agents had...

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

Leave a Reply Cancel reply

Your email address will not be published.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

Federal Character

We bring to you precise and factual news.
Towson, Baltimore, Maryland, USA

Recent Posts

  • ​Hollywood’s Newest Lead Actor Doesn’t Exist: Inside the Tilly Norwood Outrage
  • Microsoft Slashes 4,800 Total Jobs as Xbox Struggles
  • Did Trump Just Force FIFA to Rig the World Cup for the US?

Categories

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

Weekly Newsletter

  • Home
  • About Federal Character
  • Advertise With Us
  • Cookie Policy
  • Sitemap

Copyright © FederalCharacter.com 2026 .

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • News
  • Government
  • Business & Finance
  • Entertainment
  • Sports
  • Tech
  • Health
  • About Federal Character
  • Advertise With Us

Copyright © FederalCharacter.com 2026 .