{"id":28427,"date":"2024-03-29T23:37:27","date_gmt":"2024-03-29T23:37:27","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/7-6-million-in-assets-of-impostor-craig-wright-frozen-following-loss-of-bitcoin-creator-lawsuit\/"},"modified":"2024-03-29T23:37:27","modified_gmt":"2024-03-29T23:37:27","slug":"7-6-million-in-assets-of-impostor-craig-wright-frozen-following-loss-of-bitcoin-creator-lawsuit","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/7-6-million-in-assets-of-impostor-craig-wright-frozen-following-loss-of-bitcoin-creator-lawsuit\/","title":{"rendered":"$7.6 Million in Assets of Impostor Craig Wright Frozen Following Loss of Bitcoin Creator Lawsuit"},"content":{"rendered":"<p><b>(Originally posted on : Crypto News &#8211; iGaming.org )<\/b><br \/>\n<\/p>\n<div>\n<p>A UK court has issued an order to freeze $7.6 million of Craig Wright\u2019s assets, preventing the transfer of these funds outside the country. This decision came after a ruling that found <a href=\"https:\/\/igaming.org\/crypto\/uk-court-confirms-what-everyone-in-crypto-already-knew\/\">Wright is not Satoshi Nakamoto<\/a>, the pseudonymous creator of Bitcoin, despite his previous assertions to the contrary.<\/p>\n<p>Judge James Mellor presided over the legal challenge brought forth by the Crypto Open Patent Alliance (COPA), determining that Wright\u2019s claims of being the inventor of <a href=\"https:\/\/igaming.org\/cryptocurrencies\/section\/what-is-a-bitcoin\/\">Bitcoin<\/a> and the author of its original whitepaper were unsubstantiated. This legal action was taken to ensure Wright could not diminish his financial holdings before covering the lawsuit\u2019s costs, estimated by COPA at about \u00a36.7 million.<\/p>\n<p>The freeze on Wright\u2019s assets followed his actions to transfer shares from his company, RCJBR Holding, to DeMorgan, a Singapore-based firm. This raised concerns he might attempt to shield his assets from the legal repercussions of the trial.<\/p>\n<p>Judge Mellor, in his judgment, highlighted the urgency of the situation, noting COPA\u2019s grave concerns regarding Wright\u2019s financial maneuvers post-trial. Judge Mellor stated: <em>\u201cUnderstandably, that gave rise to serious concerns on COPA\u2019s part that Dr. Wright was implementing measures to seek to evade the costs consequences of his loss at trial.\u201d<\/em><\/p>\n<p>Wright\u2019s earlier proposal to settle the matter with COPA outside of court in January was aimed at avoiding the growing legal expenses. However, COPA declined this offer, leading to the continuation of the case and the eventual freezing of Wright\u2019s assets.<\/p>\n<div class=\"main-org-3-item-ins box-100 relative mb-4\">\n<div class=\"space-org-3-items box-100 relative\">\n<div class=\"box-100 space-org-3-item relative border-tb mt-1 \">\n<div class=\"space-org-3-item-ins box-100 relative\">\n<div class=\"space-org-3-item-terms box-25 relative\">\n<div class=\"space-org-3-item-terms-ins box-100 text-center relative\"> <strong>5BTC or 111% + 111 Free Spins!<\/strong> <\/p>\n<p>New players only. Exclusive 111% Welcome Bonus + 111 Free Spins<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div><\/div>\n<p><a href=\"https:\/\/igaming.org\/crypto\/assets-of-impostor-craig-wright-frozen\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Crypto News &#8211; iGaming.org ) A UK court has issued an order to freeze $7.6 million of Craig Wright\u2019s assets, preventing the transfer of these funds outside the country. This decision came after a ruling that found Wright is not Satoshi Nakamoto, the pseudonymous creator of Bitcoin, despite his previous assertions [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":28428,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[34],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/28427"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=28427"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/28427\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/28428"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=28427"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=28427"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=28427"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}