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A United Kingdom court has approved the freezing of £6 million ($7.6 million) worth of Craig Wright’s assets to prevent potential evasion of court expenses related to his assertion of being Satoshi Nakamoto, the purported creator of Bitcoin.

 

 

 

The decision came after Wright allegedly transferred some assets out of the U.K. following a court ruling refuting his claim to be Nakamoto. According to a document from the U.K. court, Wright moved shares of his London firm, RCJBR Holding, to a Singaporean entity on March 18. Judge James Mellor expressed concerns in the document, stating, “Understandably, that gave rise to serious concerns on COPA’s part that Dr Wright was implementing measures to seek to evade the costs and consequences of his loss at trial.”

 

 

 

The court endorsed a ‘worldwide freezing order’ requested by the Crypto Open Patent Alliance (COPA) to cover COPA’s total court expenses, which amount to $8,471,225 (£6,703,747.91). COPA, established in 2020, aims “to encourage the adoption and advancement of cryptocurrency technologies and to remove patents as a barrier to growth and innovation.” Its 33 members include prominent entities such as Coinbase, Block, Meta, MicroStrategy, Kraken, Paradigm, Uniswap, and Worldcoin.

 

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