Law360: Bitcoin ‘Inventor’s’ £4.5B Crypto Claim Fraudulent, Devs Say

“A group of bitcoin developers has accused the self-proclaimed ‘inventor’ of the cryptocurrency of falsely claiming to be the owner of around £4.5 billion ($5.6 billion) of bitcoin he is trying to get back after being hacked, by suing the group.

In its defense filed in the High Court on Wednesday, a group of 10 developers said Dr. Craig Wright, who claims to be the creator of the cryptocurrency, has presented fake proof of ownership of the digital assets.

The developers also suggested that the Australian computer scientist’s story about losing access to the bitcoin in a hack is untrue. They said that Wright’s lawsuit, brought by his company Tulip Trading Ltd., is ‘fraudulent’ and ‘an abuse of the court’s process’….


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