Craig Wright Is Not Bitcoin Creator Satoshi Nakamoto, Judge Declares (2024)

A judge in the UK High Court has declared that Australian computer scientist Craig Wright is not Satoshi Nakamoto, the creator of Bitcoin, marking the end of a years-long debate.

“The evidence is overwhelming,” said Justice James Mellor, delivering a surprise ruling at the close of the trial. “First, that Dr. Wright is not the author of the Bitcoin white paper. Second, Dr. Wright is not the person who adopted or operated under the pseudonym Satoshi Nakamoto in the period 2008 to 2011. Third, Dr. Wright is not the person who created the Bitcoin system. And, fourth, he is not the author of the initial versions of the Bitcoin software,” he said.

The ruling brings to a close a six-week trial, in which the Crypto Open Patent Alliance, a nonprofit consortium of crypto companies, asked the court to declare that Wright is not Satoshi on the basis that he had allegedly fabricated his evidence and contorted his story repeatedly as new inconsistencies came to light. “After all the evidence in this remarkable trial, it is clear beyond doubt that Craig Wright is not Satoshi Nakamoto,” claimed Jonathan Hough, legal counsel for COPA, as he began his closing submissions on Tuesday. “Wright has lied, and lied, and lied.”

In the last five years, Wright has used his claim to be the creator of Bitcoin to bring multiple lawsuits of his own against developers and other parties he has accused of violating his intellectual property rights. COPA is seeking an injunction that would prevent Wright from further brandishing the claim. “We are seeking to enjoin Dr. Wright from ever claiming to be Satoshi Nakamoto again and in doing so avoid further litigation terror campaigns,” says a COPA spokesperson, who asked to remain nameless for fear of legal retaliation from Wright.

The parties will have to wait a month or more for a formal judgement to be published, detailing the specific findings and forms of relief Wright will be required to submit to. The judgement will “be ready when it’s ready and not before,” said Mellor.

Until the snap ruling, the trial appeared as if it would end less with a bang than a whimper. The courtroom, packed out for the opening week, was by the end only half-full. One onlooker, who had in the waiting area introduced himself as Satoshi Nakamoto, nodded off to sleep in the public gallery, chin resting on chest. Not even Wright was in attendance.

In a closing address that ran for six and a half hours, Hough drove home the extent and degree of Wright’s alleged acts of forgery, his failure to provide incontrovertible proof of his Satoshi claim, and the inconsistencies in his telling of the Bitcoin origin story.

To illustrate its point, COPA homed in on a handful of specific instances of alleged forgery. That included one forgery Wright is said to have committed mid-trial, whereby he allegedly fabricated an email between himself and his previous legal representatives in an attempt to paper over a contradiction in his previous evidence. In the witness box, Wright claimed the email was spoofed by a third party trying to undermine him. But Hough rejected the explanation, calling it a “parody.” The incident “speaks volumes about Dr. Wright’s preparedness to lie, forge documents in support of his lies, then add ever more outlandish lies in support of the coverup,” Hough told the court.

Craig Wright Is Not Bitcoin Creator Satoshi Nakamoto, Judge Declares (2024)

FAQs

Craig Wright Is Not Bitcoin Creator Satoshi Nakamoto, Judge Declares? ›

Judge James Mellor said at the end of closing arguments on Thursday that the evidence Wright was not Satoshi was “overwhelming.” “Dr Wright is not the author of the Bitcoin white paper,” Mellor said. “Dr Wright is not the person who adopted or operated under the pseudonym Satoshi Nakamoto in the period 2008 to 2011.”

Why is Craig Wright not Satoshi? ›

The ruling brings to a close a six-week trial, in which the Crypto Open Patent Alliance, a nonprofit consortium of crypto companies, asked the court to declare that Wright is not Satoshi on the basis that he had allegedly fabricated his evidence and contorted his story repeatedly as new inconsistencies came to light.

Is Wright not the inventor of Bitcoin? ›

Gareth Dickson, a Partner at Mishcon de Reya, has shared his insights regarding the recent High Court decision which determined that the Australian computer scientist Craig Wright is not the creator of Bitcoin. The true identity of Bitcoin's inventor, known by the pseudonym Satoshi Nakamoto, remains a mystery. Dr.

What was the verdict of Craig Wright? ›

The judge overseeing a legal battle about who invented Bitcoin has ruled that it is not Australian computer scientist Craig Wright. The question had been examined in a five week trial at the High Court. The judge, Mr Justice Mellor, made his ruling as soon as the proceedings had concluded.

Who is the real inventor of Bitcoin? ›

Bitcoin was created by an anonymous person or group using the pseudonym Satoshi Nakamoto. Nakamoto published a whitepaper titled "Bitcoin: A Peer-to-Peer Electronic Cash System," outlining the concept of a decentralized digital currency. 1 The true identity of Satoshi Nakamoto remains unknown to this day.

Who owns the most bitcoin after Satoshi? ›

Not including Satoshi, three bitcoin addresses contain more than 100,000 bitcoin each. The three addresses with the most bitcoin belong to Binance, Bitfinex, and another address, whose identity is unknown. These three addresses collectively own more than 564,902 bitcoin.

Does Satoshi Nakamoto exist? ›

Key Takeaways. Satoshi Nakamoto is the pseudonym used by the creator or creators of Bitcoin. The identity of Satoshi Nakamoto is not publicly known. One of the first major public investigations ended with Dorian Nakamoto being identified as Bitcoin's creator, but he continues to decline the claim.

Does Satoshi Nakamoto own bitcoin? ›

Nakamoto owns between 750,000 and 1,100,000 Bitcoin. In November 2021, when Bitcoin reached a value of over $68,000, his net worth would have been up to $73 billion, making him the 15th-richest person in the world at the time.

Who created bitcoin What problem did it solve? ›

Satoshi Nakamoto basically wanted an online currency for the internet that would function just like physical cash (“digital cash”), that could NOT be controlled by anyone. So what did he do? He went to work to create a brand new system that would do just that.

Why is crypto crashing? ›

The crypto market is down today as U.S. macroeconomic headwinds and a harsher regulatory stance from the SEC impact investor sentiment.

Who is suing Craig Wright? ›

Craig Wright, an Australian computer scientist, is not Satoshi Nakamoto, the pseudonymous creator of Bitcoin. The verdict concludes a lawsuit initiated by the Cryptocurrency Open Patent Alliance (COPA) against Wright, who has claimed to be the inventor of Bitcoin.

Why is Copa suing Craig Wright? ›

COPA sued Wright in 2021 to secure such a ruling to prevent him from taking legal action against developers and other members of the crypto community or claiming intellectual property rights over Bitcoin's open-source technology.

When did Craig Wright claim to be Satoshi? ›

"We have lawyers negotiating how much tax I owe." That investigation was not resolved before Dr Wright left Australia and settled in London. Dr Wright used the 2016 claim that he was the real Satoshi to promote another cryptocurrency, Bitcoin Satoshi Vision (BSV).

Who is the richest Bitcoin owner? ›

For the third year running, Changpeng Zhao, founder and former CEO of crypto exchange Binance, is crypto's wealthiest person. Despite pleading guilty to U.S. money laundering charges in November, CZ, as he's known, is now worth an estimated $33 billion, up from $10.5 billion last year.

How many bitcoins are left? ›

The supply of bitcoins is replenished at a set rate of one block every ten minutes. The system design reduces the number of new bitcoins in each block by half every four years. There are only about 1.5 million bitcoins left. Experts predict that the last bitcoins will be mined by 2140.

How long will it take to mine 1 Bitcoin? ›

The shortest amount of time it can take to mine at least 1 bitcoin is about 10 minutes. However, the actual time it can take you depends on several factors such as the hashing power of your mining hardware, the overall network hash rate, and the Bitcoin mining difficulty.

Who claims to be Satoshi Nakamoto? ›

A ruling from Britain's high court Thursday has at least narrowed down who Satoshi is not. For eight years, Australian computer scientist Craig Wright has claimed that he was the man behind "Satoshi Nakamoto," the pseudonym that masked the identity of the creator of bitcoin.

What did Craig Wright do? ›

Craig Wright (b. 1970) is an Australian computer scientist who claims to be Satoshi Nakamoto, the mysterious inventor of Bitcoin. According to Wright, he was involved in Bitcoin's creation along with his friend, the deceased computer security expert Dave Kleiman.

Is crypto open patent alliance v Craig Wright? ›

On 14 March 2024, at the end of the trial, Mr Justice Mellor announced his decision, saying that “the evidence is overwhelming” and concluding that Dr Wright had not written the Bitcoin White Paper, authored the original Bitcoin software or created the Bitcoin system.

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