Craig Wright Sentenced for Contempt After False Bitcoin Claims
The self-proclaimed Bitcoin inventor received a suspended prison term for violating a court order barring further lawsuits tied to his debunked claims.
- Craig Wright, who falsely claimed to be Bitcoin's creator, was sentenced to a one-year suspended prison term for contempt of court in the UK.
- The High Court ruled Wright violated a March 2024 order prohibiting him from asserting intellectual property claims related to Bitcoin.
- Wright's October lawsuit seeking $1.2 trillion in damages against Bitcoin developers and companies was dismissed as a breach of the court order.
- Justice James Mellor found Wright had forged evidence and lied extensively to support his claim of being Satoshi Nakamoto, Bitcoin's pseudonymous creator.
- Wright, who appeared via video from an undisclosed location in Asia, plans to appeal the ruling but could face jail if he reoffends within two years.