“The Bitcoin Legal Defense Fund, a non-profit organization co-founded by Jack Dorsey, Alex Morcos and Martin White, is backing 13 Bitcoin Core developers facing lawsuits by Craig Wright. The cases could potentially have major impacts on the future of Bitcoin and open-source software development.
Eleven of the developers being supported by the Fund will file their defense on April 26. Tulip Trading Limited v. Bitcoin Association For BSV & Others, in which the developers are named, stems from an alleged hack in February 2020 that resulted in the loss of 111,000 bitcoin that Wright claims to own. In February 2021, Tulip Trading issued a “Letter Before Action” announcing its intention to take legal action against certain Bitcoin developers to recover the allegedly lost bitcoin.”