The UK Supreme Court recently refused permission for Craig Wright to appeal against a judgment in his defamation case against Peter McCormack, which awarded him a nominal £1 compensation. Wright had claimed to be Satoshi Nakamoto, the founder of Bitcoin, but a panel of judges rejected his claim.
Mr. Wright has since pursued other legal avenues, claiming ownership of intellectual property related to Bitcoin and filing lawsuits against developers maintaining open source code. Despite initial success in court, Wright’s intellectual property claims were dismissed following the intervention of Twitter co-founder Jack Dorsey in October 2023. Instead, the court allowed the developer to advance its claim that Mr. Wright submitted forged documents to support the fabrication.
Fortune’s latest news report Wright revealed that he is currently presenting a settlement offer to the Crypto Open Patent Alliance on behalf of the defendant developers. Legal analysts speculated that the unexpected move signaled Wright’s growing concern about the forgery allegations and the serious consequences of presenting false evidence in court.
Famous Bitcoin Evangelist Samson Mo commented on the development as a “fake rekt”. The term “fake koshi” is used colloquially to refer to Wright, as he claims to be Satoshi Nakamoto, and “rekto” means setback or defeat.
The developer’s rejection of Wright’s settlement offer sets the stage for a court investigation into the counterfeiting allegations. The crypto community is watching closely as one of its most controversial figures faces possible legal investigation for alleged cheating and bullying tactics.
