Summary
TLDR: A UK court froze $7.4 million of Craig Wright’s assets to prevent him from evading a financial judgment after ruling he is not the creator of Bitcoin. The freeze is to cover legal fees for a dispute with COPA, a group of Bitcoin developers. Wright transferred his shares to a Singapore company, raising concerns of asset dissipation. The court demands an accounting of all assets from Wright. COPA has been in a legal battle with Wright since 2021, calling his claims of being Satoshi Nakamoto false.
Key Points
1. A UK court issued a freezing order on Craig Wright’s assets to secure 6 million GBP or about $7.4 million, following a ruling that he is not the creator of Bitcoin.
2. The freezing order was imposed by judge James Mellor to cover COPA’s legal fees and prevent Wright from dissipating his assets, which came after he transferred ownership of his company shares to Singapore-based DeMorgan PTE.
3. COPA has been in a legal battle with Wright since 2021, disputing his claims of being Satoshi Nakamoto and alleging that his assertions are false and supported by forgery.