The Independent: “Computer scientist who claimed to be Bitcoin founder has assets frozen”

“A computer scientist who lost a High Court battle over whether he was the creator of Bitcoin has had his finances frozen for a second time as he waits to find out how much he will have to pay in legal fees.

Dr Craig Wright was sued by the Crypto Open Patent Alliance (Copa), a non-profit group including cryptocurrency firms, over whether he was behind the creator’s pseudonym, Satoshi Nakamoto.

Following a six-week trial earlier this year, Mr Justice Mellor said there was “overwhelming” evidence that Dr Wright is not Satoshi.

As part of the same trial, the Australian also lost a claim against several Bitcoin developers known as BTC Core, meaning he faces a legal bill expected to run into the millions.

On Friday, 13 of the BTC Core developers applied to the High Court for a worldwide freezing order against Dr Wright and two of his companies up to the value of almost £1.1 million.

Beth Collett, representing the developers at the hearing in London, said: “The purpose of this application is purely to protect the developers from the real risk that Dr Wright may dissipate his assets.”

Mr Justice Mellor granted the order to the value of £1.089 million, meaning Dr Wright cannot sell or reduce the value of his financial assets up to that figure.

But the judge said that Dr Wright could pay the money to the court by 4pm on Tuesday, which would allow him to avoid sharing details of his assets.

Dr Wright did not attend court, with a further hearing scheduled for April 26.”

Read the full article on the Independent