They win lawsuit against bitcoin developers

Self-proclaimed bitcoin creator Craig Wright has lost a UK court case against 16 Bitcoin Association employees.

Wright accused the developers of refusing to help his Tulip Trading Companion return the cryptocurrency, allegedly stolen in February 2020 as a result of a hacker attack. According to Craig, the programmers had to release a patch on the bitcoin blockchain to transfer the stolen digital assets to a new address. He wanted to recover a $4.5 billion fine from the defendants.

Judge Dame Falk said that bitcoin developers have no fiduciary obligations in relation to people who store or exchange coins. For this reason, she refused to satisfy Wright’s claim and found the employees of the Bitcoin Association innocent.

“The court’s verdict is of great importance to the emerging field of law associated with blockchain and cryptocurrencies. The outcome of the litigation plays in favor of developers, as well as the cryptocurrency and blockchain industries in general,” commented the court decision, a partner at law firm Bird & Bird Co.

In theory, Wright can appeal, but he has little chance of getting a guilty verdict against the programmers. After the end of the trial, Craig and his lawyer Kelvin Eyre did not file an appeal, so the «Fake Satoshi» was probably resigned to being defeated in the legal battle.

Se trata de una de las primeras demandas realizadas “con base” contra el líder mundial en criptomonedas Bitcoin o, mejor dicho, contra su autoproclamado creador. Y es que en el último año han ido en aumento las denuncias de estafas y robos de bitcoins, es muy importante ser responsable a la hora de invertir en criptoactivos y ser precavido ante cualquier transacción a terceros.


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