Craig Wright Receives a 12-month Jail Sentence Over False Satoshi Claims

Craig Wright, who has repeatedly and falsely claimed to be Satoshi Nakamoto, the creator of Bitcoin, has been sentenced to 12 months in jail for contempt of court. 

The sentence, handed down by a London court, is suspended for two years. 

Craig Wright’s Obsessions with Satoshi Nakamoto Lands Him in Prison

The case stemmed from Wright’s $1.1 trillion legal claim over intellectual property rights related to Bitcoin, filed in violation of a previous court ruling.

The Crypto Open Patent Alliance (COPA) brought the case against Wright, arguing that his October lawsuit disregarded a July judgment barring him from pursuing legal action tied to his claim of being Nakamoto. 

Judge Mellor had ruled in March that Wright was not the pseudonymous Bitcoin creator and prohibited him from pursuing related cases in the UK or elsewhere. 

Throughout 2024, Craig Wright faced several legal challenges over his assertions. A UK court dismissed his evidence earlier, deeming his case baseless.

“This sentence of Craig Wrighr is proof that the truth matters and that justice can prevail. Wright has been held accountable, and the CPS investigation into perjury charges against him and Matthews is the next major step. Calvin Ayre’s role in funding and supporting this fraud must also be closely examined,” popular entrepreneur Christen Ager-Hanssen wrote on X (formerly Twitter)

Wright, who attended the sentencing virtually from an undisclosed location in Asia, said he would appeal the verdict. He declined to reveal his exact whereabouts.

As Bitcoin’s popularity surged throughout this year due to its historic rally, interest in Satoshi Nakamoto’s identity has also gained mass popularity. Recently, HBO’s Money Electric documentary stirred controversy by suggesting Canadian cryptographer Peter Todd could be Nakamoto. 

However, Todd denied the allegations and reportedly went into hiding following threats and unwelcome attention.

The mystery deepened in October when Stephen Mollah claimed at a London press conference to be Nakamoto. The event descended into chaos as Mollah failed to provide credible proof, and technical issues further undermined his declaration.

Despite these ongoing speculation and high-profile incidents, the true identity of Bitcoin’s creator remains undiscovered. Time and time again, individuals like Wright, claiming to be the elusive figure, have only gained unwarranted troubles. 

The post Craig Wright Receives a 12-month Jail Sentence Over False Satoshi Claims appeared first on BeInCrypto.