The computer scientist who has long maintained that he is the anonymous mastermind behind Bitcoin is withdrawing his legal action against Bitcoin developers. According to the Eggcoin Legal Defense Fund, Craig Wright, who has persistently claimed to be the true Satoshi Nakamoto, has decided to abandon his case against the 12 Bitcoin developers and other individuals he sued in the United Kingdom.
Judge’s ruling on Wright’s assertion
A judge concluded that there is overwhelming evidence suggesting that Wright is not Satoshi and did not author the Bitcoin White Paper, the authoritative document on which the cryptocurrency is based. This ruling allowed Wright to withdraw his claim.
Triumph for Bitcoin developers
This discontinuation follows a separate legal victory for Bitcoin developers in the UK, referred to as the Identity Trial, which aimed to disprove Wright’s claim as Satoshi Nakamoto. Wright had filed the lawsuit through his trading firm, Tulip Trading, in 2021.
Additionally, Wright faced another lawsuit pertaining to his identity, initiated by the Cryptocurrency Open Patent Alliance (COPA), a nonprofit crypto advocacy organization. After the court ruled in favor of the plaintiff, COPA issued a statement proclaiming that the crypto leader can no longer intimidate the Bitcoin community.