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Trillion-dollar Bitcoin Passing-off Case Dismissed
A trillion-dollar lawsuit against Bitcoin developers and related entities has been dismissed by a UK judge, who deemed the case as an “abuse of process.” The suit was brought forward by Craig Wright, Satoshi Nakamoto impersonator, claiming that over 100 Bitcoin developers and entities were passing off Bitcoin as BTC when his BSV vehicle was, in fact, the real thing.
Wright’s case was dismissed simultaneously with a 12-month prison sentence, suspended for two years, after he breached an injunction by filing the case. Wright had been ordered to attend a contempt of court hearing in London earlier this week but failed to show up, citing his inability to afford a plane ticket and loss of work, which he later valued at over $300,000.
Wright eventually appeared via videolink for the sentencing, where he denounced what he called the “bastardisation” of Bitcoin, unrelated to the contempt charges. He showed no contrition over his actions.
Source: fullycrypto.com
