The hunt for Bitcoin's creator continues. Craig Wright, the Aussie tech whiz who claimed to be Satoshi Nakamoto, has come clean. He's not the guy.
Wright admitted his lies on his website. It's a big deal. For years, he insisted he was Nakamoto. Now, he's eating humble pie.
On May 20, 2024, the High Court of England and Wales dropped the hammer. They found Wright guilty of dishonesty. He'd been fibbing about being Nakamoto.
The court didn't mince words. They said Wright lied "extensively and repeatedly". He cooked up false stories to back his claims. It's not a good look.
But wait, there's more. Wright forged documents. He presented these fakes as evidence. The court called it "a most serious abuse". It's a slap in the face to courts in the UK, Norway, and the US.
The High Court laid down the law. Wright didn't write the Bitcoin white paper. He doesn't own its copyright. He didn't create the initial Bitcoin software.
They went further. Wright wasn't "Satoshi Nakamoto" from 2008 to 2011. That's when Bitcoin was born. The court shot down all of Wright's claims. He's not the Bitcoin mastermind.
The court's not messing around. They've slapped Wright with strict conditions. He can't start legal proceedings based on his debunked claims. He can't get others to do it either.
Threats are off the table too. Wright can't threaten legal action over his fake Bitcoin creator status. He can't get others to make threats either. The court's drawn a line in the sand.
This ruling is a big deal. It's the end of Wright's long-running Bitcoin creator charade. It's also a warning to others in the crypto world. Don't mess with the truth, or you'll get burned.