Ruling Ends Fake Bitcoin Inventor Saga

The long-standing legal drama between the Cryptocurrency Open Patent Alliance (COPA) and Dr. Craig Steven Wright concluded today with a definitive ruling from the court. Dr. Wright, who has famously claimed to be Satoshi Nakamoto, the enigmatic creator of Bitcoin, was found to have engaged in extensive and deliberate deception to support his assertion, thus ending one of the most sensational identity claims in the history of technology with a resounding judicial rejection.

The case against Dr. Wright centered on his bold assertion of being the actual person behind the pseudonym Satoshi Nakamoto, who in 2008 introduced Bitcoin to the world through the publication of the white paper followed by the release of the original source code. COPA, representing a consortium of cryptocurrency entities, challenged Wright’s claims, leading to a comprehensive judicial review of his purported evidence and testimonials.

COPA Triumphs Over Fake Bitcoin Inventor

The presiding judge expressed a scathing view of Wright’s testimony, stating that throughout the trial, Wright presented evidence that was “clumsy” in its attempt to deceive. “Dr. Wright is not nearly as clever as he thinks he is,” the judge noted, elaborating that the defendant engaged in a pattern of lies, forgeries, and blaming others for discrepancies and falsehoods exposed during the trial.

“As soon as one lie was exposed, Dr Wright resorted to further lies and evasions. The final destination frequently turned out to be either Dr Wright blaming some other (often unidentified) person for his predicament or what can only be described as incoherent,” the ruling states.

Among the forgeries were documents that Wright presented as proof of his involvement in the creation of Bitcoin, which were later shown to have been altered or fabricated. The judgment highlighted the fact that, despite Wright’s attempts to appear technologically and forensically astute, the forgery attempts were amateurish and easily discernible by experts.

Significantly damaging to Wright’s case was the testimony of Mr. Stefan Matthews, Chairman of nChain Group, who initially supported Wright but whose statements under scrutiny revealed inconsistencies and deliberate falsehoods. The judge pointed out that while Matthews was “more careful in his lies,” his testimony ultimately did not withstand the evidence to the contrary presented by COPA.

Conversely, Pieter Wuille, a well-known developer in the Bitcoin community, provided a witness statement that was deemed by the judge as “the most significant document in this trial.” Wuille’s detailed exposition of the timeline and technical details of Bitcoin’s development was instrumental in debunking Wright’s claims. His testimony, unchallenged by Wright’s defense, provided clear, credible insights into the technical workings of Bitcoin, contrasting sharply with Wright’s fabricated narratives.

Thanks to @pwuille, whose witness statement was “the most significant document in this Trial” and “used to devastating effect” pic.twitter.com/Ha2x5IuLFV

— BitMEX Research (@BitMEXResearch) May 20, 2024

The judgment underscored that Dr. Wright’s false claims and the subsequent legal maneuvers constituted a “serious abuse” of the court’s process, not only in the United Kingdom but also in other jurisdictions such as Norway. The court deferred decisions on the specifics of injunctive relief, with further hearings scheduled to discuss the implications of the judgment and the potential corrections to public records concerning the Bitcoin white paper and other documents.

“I am entirely satisfied that Dr Wright lied to the Court extensively and repeatedly. Most of his lies related to the document he had forged which purported to support his claim. All his lies and forged documents were in support of his biggest lie: his claim to be Satoshi Nakamoto,” the judge concluded.

The crypto community has watched the case unfold with keen interest, given its potential implications for the perception of Bitcoin’s origin and the integrity of its foundational documents. BitMEX Research, in a statement, highlighted the ongoing legal considerations about the accessibility of the Bitcoin whitepaper on platforms like Bitcoin.org, noting that future rulings could further clarify these aspects.

In a humorous side note, BitMEX Research remarked, “The ‘key’ evidence from Danielle DeMorgan, Wright’s youngest sister, was that CSW ‘had dressed as a ninja in the local park’. This did not give ‘any credence to Dr Wright’s claim to be Satoshi ‘Who would have thought??”

At press time, BTC traded at $67,047.

Featured image from Shutterstock, chart from TradingView.com