Controversial Australian scientist Craig Wright has reignited tensions in the cryptocurrency arena by initiating a new lawsuit against Bitcoin Core developers. Wright, who has long claimed that Bitcoin SV (BSV) represents the true vision of Bitcoin, filed the lawsuit following a UK High Court ruling that dismissed his assertion of being Bitcoin’s creator.
What Are Wright’s Claims About Bitcoin SV?
In this recent legal action, filed in London’s Chancery Division High Court, Wright argues that the modifications made to Bitcoin, including SegWit and Taproot, have strayed from Satoshi Nakamoto’s original vision. He demands £911 billion in damages, stating that the disparity in market capitalization between BTC and BSV has severely harmed BSV’s reputation and standing in the market.
How Has the Crypto Community Responded?
This lawsuit follows Wright’s previous legal endeavors against Bitcoin Core developers and claims a partnership with Square Up Europe Ltd. Experts, including BitMEX Research, assert that Wright has no standing to reiterate his claims of being Nakamoto due to an earlier court ruling. Meanwhile, Bitcoin SV’s price saw a 3% increase today to $51.23, despite a 25% drop in trading volume.
Wright’s legal maneuvers have drawn harsh criticism from within the crypto community. Prominent critic Hodlonaut, who previously won a defamation case against Wright, describes the latest lawsuit as based on deceit. This skepticism underscores a widespread belief that Wright’s claims are largely unfounded, contributing to a rift in community opinions regarding the identities of Bitcoin’s founders.
- Wright claims Bitcoin SV is the original Bitcoin, seeking ÂŁ911 billion in damages.
- He argues that modifications to Bitcoin misrepresent its original intent.
- His previous claims of being Nakamoto were dismissed by the UK courts.
- The market shows heightened volatility in response to Wright’s legal actions.
Wright’s ongoing litigation highlights both his contentious relationship with the crypto community and the enduring debates surrounding Bitcoin’s true identity and legacy. As the legal battle progresses, it remains to be seen how these developments will impact the broader cryptocurrency landscape.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
