• June 17, 2021

Exclusive: Australia’s Wright Launches Lawsuit Over $5.7 Billion Bitcoin Haul

 Exclusive: Australia’s Wright Launches Lawsuit Over $5.7 Billion Bitcoin Haul


An Australian computer scientist who alleges he created bitcoin has launched a London High Court lawsuit against 16 software developers in an effort to secure bitcoin worth around 4 billion pounds ($5.7 billion) he says he owns. From a report: In a case that was promptly labelled “bogus” by one defendant, Craig Wright is demanding that developers allow him to retrieve around 111,000 bitcoin held at two digital addresses that he does not have private keys for. In his second London lawsuit in three weeks, Wright alleges he lost the encrypted keys when his home computer network was hacked in February 2020. Police are investigating.

Wright, who is bringing the case through his Seychelles-based Tulip Trading firm, concedes he is a controversial figure since alleging in 2016 that he wrote the bitcoin white paper — which first outlined the technology behind the digital assets — under the pseudonym Satoshi Nakamoto in 2008. The claim is hotly disputed. The Australian, who is autistic and lives in Britain with his wife and two of his three children, alleges in his latest lawsuit that developers have breached their duties to act in the best interests of the rightful owner of globally-traded assets.



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