On October 15, a new lawsuit was filed by Craig Wright in the Chancery Division of the High Court in London, targeting Bitcoin Core developers. Wright claims recent updates to Bitcoin’s (BTC) protocol have strayed from its original design, leading to financial losses. He is now seeking over $1 billion in damages.
BTC vs. BSV: The Dispute Over Protocol Changes
The lawsuit focuses on protocol changes introduced by Taproot and Segregated Witness (SegWit). Wright argues that these modifications have led the public to wrongly believe that Bitcoin still retains its original attributes.
Wright stated,
“These changes have created market confusion and compromised the vision of the original Bitcoin protocol.”
Wright’s claim is based on the value difference between Bitcoin (BTC) and Bitcoin Satoshi’s Vision (BSV), a digital currency he asserts is the true continuation of Bitcoin. As of October 10, Bitcoin was valued at $62,000, while BSV was trading at $65. Wright is demanding $1.18 billion in compensation, alleging that Bitcoin Core’s updates have undermined his version of Bitcoin.
Wright’s Ongoing Legal History
This lawsuit marks another chapter in Wright’s extensive legal battles. Wright has long claimed to be Bitcoin’s anonymous creator, Satoshi Nakamoto, though these claims have been met with doubt. Despite multiple court rulings against him, Wright continues to pursue legal cases, this time opting to represent himself.
Previous rulings against Wright include a 2022 case where he failed to prove he holds the private keys linked to Bitcoin’s genesis block—a crucial piece of evidence in establishing his identity as Satoshi Nakamoto. Additionally, in 2023, a court ruled that he had no legal rights to the Bitcoin whitepaper. Most recently, a UK court ruled that he was not the creator of Bitcoin and ordered him to cease pursuing further lawsuits related to this claim.
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