Craig Wright ASSETS FROZEN WORLDWIDE

[NotATether]

https://dailyhodl.com/2024/07/06/self-proclaimed-bitcoin-creator-craig-wright-slapped-with-an-assets-freezing-order-over-libel-lawsuit/

Self-Proclaimed Bitcoin Creator Craig Wright Slapped With an Assets Freezing Order Over Libel Lawsuit
Daily Hodl Staff July 6, 2024 BITCOIN, REGULATORS

The High Court of the United Kingdom is freezing the assets of computer scientist and businessman Craig Wright, according to new legal documents.

The court issued a worldwide freezing order (WFO) upon the request of podcaster Peter McCormack with the aim of recouping his legal fees incurred when Wright sued him for defamation.

McCormack tells his 543,000 followers on the social media platform X that the order froze roughly 1.54 million British pounds ($1.9 million) worth of Wright’s assets, which could help him recoup his legal fees.

Says Justice James Mellor in his ruling,

“Wright was using the law of defamation … to silence anyone who dared to contend that Dr. Wright was not Satoshi or to question his claim… I was entirely satisfied that Mr. McCormack has a good arguable case (indeed a very strong case) for recovery of costs in the sum of £1.548 million.”

Wright proclaimed himself to be Satoshi Nakamoto for years. However, a judge ruled in March that there was overwhelming evidence that Wright is not actually Satoshi nor is he the author of the Bitcoin (BTC) white paper, the original thesis behind the digital asset.

Wright had sued McCormack, host of the What Bitcoin Did podcast, for libel after he called Wright a “fraud” when challenging the computer scientist’s claim that he was the pseudonymous Bitcoin creator Satoshi Nakamoto.

That's it guys, he's done. BSV is also finished.

[ABCbits]

And about 3 months ago, UK court did same thing on case COPA against him[1]. I agree that he's (especially on cryptocurrency world), although i bet he manage to hide small amount of asset/money which unreachable by UK court.

[1] https://www.coindesk.com/policy/2024/03/29/uk-judge-freezes-craig-wright-assets-to-prevent-him-evading-court-costs/

[Davidvictorson]

And about 3 months ago, UK court did same thing on case COPA against him[1]. I agree that he's (especially on cryptocurrency world), although i bet he manage to hide small amount of asset/money which unreachable by UK court.

Yes, I remember reading about this at that time, which raised some questions.

- Can the court freeze his Bitcoin assets as well since it could be in a non-custodial wallet?

- When the court freezes rather than seizes an asset, under what conditions can it be unfrozen in this context?

[shield132]

Some good news after so many wasted years. This man deserves more than this because he ruined the life of many people. He is the reason why Bitcoin.org had to remove Bitcoin Whitepaper for UK people, he abused the court's process for so many years. He is a fraudster who wanted to gain access to Satoshi's Bitcoin by getting approval from a judge and forcing Bitcoin Core developers to help him reclaim those million Bitcoins.

I hope not only his assets gets frozen but every asset that he held and moved on relative's names would get frozen too because it's cheating that people like him often do. Congrats Craig, you'll reap what you sow.

[mindrust]

Good but it did take too long. The damage is already done. He scammed thousands of people. Many people will lose their life savings because of him. Craig had enormous wealth and he delayed what's coming for him for a very long time. Some people though, probably deserved it for supporting BSV but I don't think all BSV supporters were lunatics like Craig. Some of them were probably just innocent fools. BSV has $721 million market cap at the moment. (bsv price: $36) Soon it will be much lower. It is as good as dead. BCH played this smarter than BSV. At least it is above LTC in terms of market cap at the moment.

[Oshosondy]

That's it guys, he's done. BSV is also finished.

BSV fall in price but it was when bitcoin and other coins were falling recently. As bitcoin and altcoins has been rising, it is following them. I will say BSV is in good state as for now.

But Craig Wright has been finished already. His bad actions of lies led him to this. People can know the beginning of a war but they can know the ending of the war until after the end. This is what happened to Craig Wright.

Nobody will pity the man at all.

[hd49728]

- Can the court freeze his Bitcoin assets as well since it could be in a non-custodial wallet?

- When the court freezes rather than seizes an asset, under what conditions can it be unfrozen in this context?

Government can seize his bitcoin but can not freeze his bitcoin if there is no suit to arrest him and force him to give private key to the court or government.

Freeze is only possible with altcoins, with smart contracts and support from projects' developer team. Freeze is impossible with Bitcoin, with non custodial wallets as only the owner has access to private keys.

PSA: Most Stablecoins Can Be Frozen, Even in Your Own Wallets

BSV fall in price but it was when bitcoin and other coins were falling recently. As bitcoin and altcoins has been rising, it is following them. I will say BSV is in good state as for now.

BSV is pure manipulative game and how many people actually have demand to use BSV blockchain for storage and transaction?

It's risky. The BSV blockchain is less secured than Bitcoin blockchain and holding BSV can cause you loss too.
https://howmanyconfs.com/

An old article on a comparative analysis of Bitcoin forks.

[Oshosondy]

BSV is pure manipulative game and how many people actually have demand to use BSV blockchain for storage and transaction?

Did I posted that BSV is a good coin? No. I only posted that it is not yet in bad state which is true. Most altcoins are manipulative games.

It's risky. The BSV blockchain is less secured than Bitcoin blockchain and holding BSV can cause you loss too.
https://howmanyconfs.com/

I did not compare BSV with BTC. Even ethereum, BSC, solana and other blockchains are less secure than bitcoin blockchain.

[yhiaali3]

A shameful end for Craig Wright (the fake Satoshi), he deserved this end after all this long time he occupied the judiciary and the Bitcoin community for years. Even though he knows he's lying.

I don't know what he really benefited from this empty claim. He lost his money and his reputation, as well as his BSV coin, which he claimed was the original Bitcoin according to Satoshi's vision. Did he really dream of winning one day?

[SickDayIn]

The article says that only $1.9 million USD worth of funds were frozen, which is a little misleading from your "worldwide" title. He claims to be a billionaire, referring to his Tulip trust which supposedly has 1.1 million BTC in it (worth $93 billion), so there's no doubt he will just skip, hop, jump and run away from this.

The truth is Craig Wright is a complete psychopath. There's no doubt he is wealthy, even if he is only a millionaire and not a billionaire as he alleges. Still think about, imagine deciding to sue others for defamation and try and destroy them in legal fees to claim that you are the creator of something you didn't make? Is it really still all just for money? The dude must have mental health issues to even do something like this.

[MeGold666]

He wanted to scam the system, system scammed him.

His frozen assets are a good advertisement for cryptocurrency and non-custodial wallets.

He claims to be a billionaire..

Many people claim to have seen Jesus Christ himself.

Scammers often fake being rich to gain more credibility.

This tactic is being used by many fake gurus on YT like Robert Kiyosaki or Manny Khoshbin, they fake being rich to sell you useless books and lessons so they become truly rich and scam even more.

"Money attracts Money" is the name of the game.

[kryptqnick]

That's wonderful news. Craig has been a nuisance for many years, and there's finally a serious country with a strong court system setting things right. Just recently, COPA won a case against Craig, with a UK court deciding that he isn't Satoshi.
This asset freezing case isn't a major one, as it is just to get the legal fees out of him for another court case, but it became possible thanks to the former UK court's decision against Wright. What's lovely is that the legal system in the UK is that of precedent law, so it will be harder for the next Faketoshi to conduct similar activities.

[NeuroticFish]

That's it guys, he's done.

It's about time. He did a fair share of damage until this point, sadly. Now it's just fair to pay for all that.

It's quite refreshing to see the truth and unity did prevail after all.
As many have already said: welcome to the law, mother fucker!

His frozen assets are a good advertisement for cryptocurrency and non-custodial wallets.

LOL, very good point! However, I'll make a small correction/addition: non custodial wallets on a decentralized proper cryptocurrency. (Let's not count BSV, USDT and such.)

[yazher]

The problem with him is he was gathering funds from his fanatics fans who believes that he was really Satoshi and they gave him whatever he ask for and now they obviously regret their decision.

This is good news because someone will quickly move his assets somewhere safe after he got busted and to freeze everything means they cannot benefit in it anymore and to those who blindly followed him, they will have a chance to get their funds back with enough proof they have.

[MeGold666]

...and to those who blindly followed him, they will have a chance to get their funds back with enough proof they have.

And lose their money to the next scammer in line, people like this never learn.

[Churchillvv]

Craig is a fraud with political power, although time has caught up with him now.

One thing people like him do forget is that no matter the political backup you have once it's broken nobody can save you. that dude was a scammer was a scammer with authoritative power to even oppress people who knows the truth.

You can't keep fooling people, in my local proverbs that says everyday for the thief one day for the owner, his days are over.

[Taskford]

This is the consequences of his past stunts made and he create a trouble for his self for exposing to much his identity also his activities on crypto scene.

Now with that being said I think Craig Wright is done and for sure he cannot spread anything lies then also for sure they lose again his credibility for that situation. His influence didn't save him and I guess many people are done with his scam claims also his circus over the internet.

If this is the karma of scamming people and claiming that he is Satoshi Nakamoto? Well I guess yes so he learn a lesson for all he do in a hard way.

[pakhitheboss]

snip..

Craig Wright is facing some serious legal troubles! His assets have been frozen twice this year, amounting to millions! If, I am correct with the news I am following about him. The first time was in March after a court battle where he claimed to be Satoshi Nakamoto, the creator of Bitcoin.

However, the judge didn't believe him and ordered him to pay much. I am not certain about it, but it was a big! To ensure that he pays, the court froze some of his cash. Then, his assets were frozen again in July due to a separate lawsuit.

A podcaster he sued for defamation is concerned that Wright may be unable to cover legal fees if he loses, so the court put a hold on his assets again. Essentially, these freezes are like putting a lock on his wallet until these court cases are resolved.

[SamReomo]

I would feel very bad for him but since he's a known liar and that's why I'm totally unemotional for that guy. Finally, the self-proclaimed Bitcoin creator has got some good treatment by a court.

Although, most of his assets that are known by government will be frozen but that guy isn't a naive person and he should've kept some assets hidden from government which he may use when needed.

But, at least it sounds good to hear that all his visible and legal assets are now frozen and I also believe he won't be able to create any fud now or in future.

[Faisal2202]

I don't think asset freezing lawsuit is going to stop him because this is not enough BSV will still exist as long as the BSV community is supporting it. And he has already been proven not to be a real satoshi by the UK government which means he lost his trust at that time but people are still supported him. I think he must be making some money from these cringe cases. I am happy that he got what he deserved not because he is faking himself as Satoshi but because he sued the podcaster and cost him money.

He is a businessman and a computer expert which also means he don't have to worry about the funds being frozen.