“Four cases remain on hold until the High Court’s ruling in the January hearing on what has been termed “the identity issue” — whether or not Craig Wright is Satoshi Nakamoto. That case has been brought by the Cryptocurrency Open Patent Alliance (COPA) — a group of tech firms founded by the financial services company Block, owned by Dorsey — which alleges that the development of new technology is being hampered by Wright’s claims to be the inventor of bitcoin.
Last month Wright was dealt a painful blow in the case when Mr Justice Mellor ruled that the court could hear arguments that dozens of documents put forward by Wright purporting to show the development of bitcoin might be forgeries.
As part of their argument that Wright has a history of forging documents, the Copa team will allege that a PhD thesis submitted by Wright to Northumbria University in 2008 was heavily plagiarised from two 1990s works by an academic.
Dorsey said last week that he had “witnessed first-hand the challenges and legal obstacles that bitcoin developers face”.
He added: “These talented individuals are shaping the future of finance and technology, and they deserve the freedom to innovate without the constant threat of legal action. By providing legal support, we can help them focus on what really matters: building technologies that will create a better future for all of us.”
Dorsey is also funding the defence in a case brought by Wright’s Tulip Trading Ltd company, via the “bitcoin legal defence fund” he set up in 2021.
Wright, for his part, is being backed by the gambling billionaire Calvin Ayre. The Canadian, who founded the online betting site Bodog, is the son of a drug-dealing pig farmer and was once on the run from the US authorities over an alleged illegal gambling operation. He pleaded guilty to a single misdemeanour charge in 2017.”