Judge imposes worldwide asset freeze on Fake Satoshi Craig Wright

A British judge has frozen Craig Wright’s assets worth $7.6 million worldwide after finding he falsely claimed to be Satoshi Nakamoto, the pseudonymous inventor of Bitcoin.

The order comes on the heels of Wright’s decisive loss in a landmark lawsuit against the Crypto Open Patent Alliance (COPA). Earlier in March, Judge James Mellor ruled ruled that Wright did not write the Bitcoin whitepaper, create Bitcoin, or develop its early software, thus debunking his long-standing claims to the contrary.

Now Mellor has granted COPA’s application for a global freezing order to prevent Wright from forfeiting assets and avoiding costs associated with the case. The British judge ruled that Wright’s recent transfer of shares to an overseas company “raised serious concerns” about his intentions to avoid the upcoming costs order.

Wright must now disclose any assets worth more than $30,000 and is prohibited from reducing his holdings below $7.6 million. The freeze reflects lingering doubts about Wright’s reliability, given his history of defaulting on court rulings and boasts that he is “judgment proof.”

The new freezing order hinders Wright’s ability to pursue additional lawsuits related to Satoshi Nakamoto. It also ensures that assets remain available to cover the multibillion-dollar cost bill that COPA expects to recover after debunking Wright’s outlandish claims.

The British judge’s actions to freeze Wright’s assets appear justified in light of his dishonest behavior. The saga underscores the need for courts to implement tools that deter litigants like Wright from abusing the legal system and evading responsibility.

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