Craig Wright's lawsuits backfire, Bitcoin OG's lawsuit dismissed, patent lawsuit settlement denied

Australian Craig Wright has always excelled in legal battles such as patent lawsuits, but recently, he has faced setbacks in two lawsuits. It is possible that soon we may witness Craig Wright being recognized by the court as a false Satoshi Nakamoto.

The Story of Craig Wright, Known as "Faketoshi"

Craig Wright has long claimed to be Satoshi Nakamoto, the creator of Bitcoin. He shifted his support from Bitcoin to Bitcoin Cash (BCH) and later forked out Bitcoin SV (BSV) in 2018. Hailing from Australia, he is often referred to as "Faketoshi" in the community.

Craig Wright has been adept at legal battles, often employing a professional legal team to gain the upper hand in various copyright infringement lawsuits, despite repeatedly failing to prove his identity as Satoshi Nakamoto in court.

For instance, he previously demanded major websites to remove links to the Bitcoin whitepaper, claiming that it infringed on his rights as the author. A judge issued a summary judgment in favor of Craig Wright's request.

Summary Judgment: Bitcoin.org Owner Must Remove Bitcoin Whitepaper and Pay Legal Fees to Craig Wright

According to reports, Peter McCormack, a prominent figure in the Bitcoin community and host of the podcast "What Bitcoin Did," had accused Craig Wright of being a fraud and not Satoshi Nakamoto back in 2019.

In response, Craig Wright took legal action, claiming that McCormack's malicious defamation led to the withdrawal of his invitations to various events and summits, causing him financial losses.

In December 2022, a UK court ruled that Peter McCormack must pay $1.1 million in legal costs to Craig Wright.

However, in a tweet on the 25th, Peter McCormack stated that after a five-year legal battle, the UK High Court rejected the previous ruling to pay $1.1 million and deemed that Craig Wright cannot appeal.

Permission to appeal was refused by three Supreme Court justices, Lord Briggs, Lady Rose and Lord Richards, on grounds the appeal did not raise an arguable question of law.

This is the end of the line for Wright's substantive claim against me.

5 years of hell over, a small…

— Peter McCormack 🏴‍☠️ (@PeterMcCormack) January 25, 2024

Craig Wright Faces Setbacks, Seeks Settlement

In a turn of events for Craig Wright's legal battles, there was intervention from Twitter founder Jack Dorsey.

Twitter CEO Takes Action! Square's COPA Challenges Craig Wright's Whitepaper Copyright Claims

Jack Dorsey's payment company Square established the Cryptocurrency Open Patent Alliance (COPA) in 2021 to safeguard the ideals of openness and decentralization in the crypto community and to resist patent trolls' intrusion.

In 2016, Craig Wright sued 13 crypto companies such as Coinbase and Block and Bitcoin core developers, alleging that their access to Bitcoin databases and whitepapers constituted infringement.

In an unusual move, Craig Wright released a press release on January 24, offering a settlement to all parties involved in the lawsuit, which COPA promptly rejected.

According to a report by Fortune, this move indicates that Craig Wright may be losing ground legally and may be resorting to desperate measures involving perjury.

If no settlement is reached, the lawsuit will proceed to trial on February 1.

Hard pass on that "settlement."

Just like Craig Wright forges documents and doesn't quite tell the truth, his description of the settlement offer isn't quite accurate either – it comes with loopholes that would allow him to sue people all over again.

— COPA (@opencryptoorg) January 24, 2024