Not Satoshi !! UK Court Freezes Craig Wright's Assets To Prevent Court Cost Evasion

In a recent court case brought by the Crypto Open Patent Alliance (COPA), a UK judge has imposed a worldwide freezing order on £6 million ($7.6 million) worth of assets belonging to Craig Wright. 

The freezing order is intended to prevent Wright from moving his assets offshore and evading the costs associated with the court case, which found that he is not the inventor of Bitcoin, Satoshi Nakamoto.

Judge James Mellor, who presided over the case, also determined that Wright did not author the Bitcoin white paper or the initial versions of the Bitcoin software. Shortly after the ruling, Wright transferred shares of his company, RCJBR Holding, to a Singaporean company named DeMorgan. 

This action raised concerns that Wright was attempting to evade the financial consequences of the court's decision.

The judgment, which was posted on the website of the Bitcoin Legal Defense Fund, states that COPA's costs amount to approximately £6.7 million. 

Judge Mellor acknowledged the powerful claim that COPA has for being awarded a substantial sum in costs and expressed a real risk of dissipation of assets by Wright.

This legal development comes after years of controversy surrounding Wright's claims to be Satoshi Nakamoto, the elusive creator of Bitcoin. 

Wright has previously made copyright claims related to the Bitcoin network, including requesting the takedown of the Bitcoin whitepaper from certain websites.

The court ruling, which found that Wright is not Nakamoto, was based on testimony from early Bitcoin developers and other evidence. The judge concluded that there was "overwhelming" evidence indicating that Wright is not the true identity behind the pseudonym Satoshi Nakamoto.

In light of the freezing order, COPA is taking steps to recover the costs associated with the court case. 

The order aims to prevent Wright from dissipating his assets and ensure that COPA can obtain an order for their costs as the winning party.

This legal battle and the subsequent freezing order highlight the complex and contentious nature of the cryptocurrency industry, where claims of authorship and ownership can have significant financial implications. 

It also emphasizes the importance of thorough scrutiny and verification in the face of such claims to protect the integrity of the technology and its community.