Craig Wright Begins Landmark Legal Action Against Bitcoin Developers, Others

Submitted by Jagajeet Chiba on

Written by :

Jagajeet Chiba

Published on :

Craig Wright Begins Landmark Legal Action Against Bitcoin Developers, Others

Dr. Craig Wright, an Australian computer scientist who claims to be the inventor of bitcoin, is now suing the developers of BTC, BCH, BCH ABC and BSV over 111,000 stolen Bitcoin, according to an announcement by ONTIER.

The Bitcoin was lost when the private keys to two addresses were stolen in a hack on Dr. Wright’s network in February of 2020.

Wright's lawyers have sent formal letters before action to the developers of each digital coin.

The action will, for the first time, examine the nature and extent of legal duties conferred upon and owed by developers resulting from the control they exercise over their respective blockchains. In February 2020, Dr Wright’s personal computer washacked by persons unknown andencrypted private keys to two addresses, which hold substantial quantities of Bitcoin belonging to TTL, were stolen. These assets were, and continue to be, owned by TTL. The theft is the subject of an on-going investigation.

The value of the claim as at today’smarket rates will be in excess of £3.5bn.

- Jagajeet Chiba, Gambling911.com

Related Content

Dave & Busters

Suit Against Dave & Busters in South Carolina Court Claims Arcade Games Are Unlawful Gambling

A state advocacy group filed a suit in the District Court of South Carolina Florence Division late Wednesday April 15 arguing the chain’s games function as unlawful gambling rather than entertainment.
Fanatics Markets

Fanatics Markets Unveils Combos

Just in time for basketball’s postseason, Fanatics Markets is introducing a bigger way to trade with Combos.
Curacao

Curacao Is Still the Most Popular Gambling License. But the Rules Have Changed

If you have spent any time around the online gambling industry, you have heard the same pitch for Curacao a hundred times: cheap, fast, easy. For years that pitch was essentially accurate.
1Win airplane with man stepping out

Tyga Enters 1win VIP Program, as Platform Blends Crypto and Entertainment

1win continues to evolve its VIP ecosystem, bringing global rapper Tyga into its high-tier community while reinforcing its positioning as a crypto-first entertainment platform.