Cryptocurrency

Will Craig Wright’s Recent Antics In The Court Affect his Nakamoto Claims?

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Craig Wright claimed that he was Satoshi Nakamoto in 2016, and three years later, his claim seems to have fallen on its nose. The moment he started to prove that he was Nakamoto, the Bitcoin experts and developers came out neutralizing his claim and lashing him for being a hoax.

However, something weird happened in 2019, which a few would have expected. He started to send legal notices to all his critics, which led his legit creation Bitcoin SV being delisted from major crypto exchanges like  Binance, Kraken, Huobi, etc. However, the recent developments in a Wright-Nakamoto saga have finally dismantled Wright’s claim once and for all.

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In an ongoing legal suit against Wright, filed by the estate of David Kleiman, the court had ordered him to furnish the proofs of all the Bitcoin he held, which amount to over $10 billion. However, Wright failed to submit the proofs and admitted that he was not able to access these Bitcoins, and began crying. He also began misbehaving in the courtroom, by throwing documents and using profane language. The Judge had to warn him to calm down and behave normally, or else he would be handcuffed.

Now it would be interesting to see how do those who supported Wright’s claim of being Satoshi Nakamoto will react to Wright’s inability to show his Bitcoin holdings. However, the gravest situation will be of those who hold Bitcoin SV. If Wright is declared a fraud by the court, it is quite scary to imagine what significant damage it would cause to the credibility of BSV, which may also cause a drastic fall in its value.

So, in the coming days, expect some more dramatics from Wright, who could even sue the Judge himself (pun intended)! On the other hand, it is high time that the real Nakamoto comes out with the real proofs and end this fight forever. That’s only to say if he/she is not an alien, or is still alive.

Ruti Vora

Ruti regularly contributes in-depth news articles for leading cryptocurrencies. She contributes technical chart-based price updates and analysis pieces on world's leading digital currencies. She holds graduate degree in journalism.

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