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HomeBitcoinUK Judge Freezes $7.6 Million of Craig Wright's Assets Worldwide

UK Judge Freezes $7.6 Million of Craig Wright’s Assets Worldwide

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In a recent development in the ongoing legal dispute between Craig Wright and the Crypto Open Patent Alliance (COPA), UK Judge James Mellor has made a decisive move. Judge Mellor ordered the freezing of $7.6 million of Craig Wright’s assets worldwide. This action was taken to prevent Wright from transferring his assets offshore, potentially evading costs related to the case.

Craig Wright’s Claims Challenged by Bitcoin Developers

Craig Wright’s attempts to establish himself as Satoshi Nakamoto, the creator of Bitcoin, have faced scrutiny and skepticism from the cryptocurrency community. Wright has made various claims in an effort to prove his identity, including assertions about edits made to the Bitcoin white paper and software.

However, these claims have been met with skepticism and pushback from Bitcoin developers. Wright’s assertions regarding edits to the Bitcoin white paper and software have been challenged, with developers highlighting discrepancies and inconsistencies in his arguments.

Also Read: LUNC News: Terra Luna Classic Community Resolute to KYC; 105 Billion LUNC Burned

Implications of the Ruling and Response from Wright

Judge Mellor’s ruling to freeze Craig Wright’s assets has significant implications for both Wright and the broader cryptocurrency community. The decision represents a setback for Wright’s legal strategy and underscores the challenges he faces in defending himself against allegations brought forth by COPA.

In response to the ruling, Craig Wright has taken action, including transferring shares in his company. This move suggests a potential attempt to mitigate the impact of the asset freeze and safeguard his financial interests. However, COPA has expressed concerns about asset dissipation, highlighting the need for continued vigilance and oversight.

Also Read: XRP Lawyer Backs Judge Torres Deeming Ex-SEC Official’s Statement ‘Incorrect’

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