Craig Wright Claimed to Have Invented Bitcoin, Found in Contempt of Court [Video]

What’s New

An Australian computer scientist who has repeatedly claimed to be Bitcoin‘s creator has been found in contempt of London’s High Court on Thursday.

Why It Matters

Dr. Craig Wright’s claims and subsequent lawsuits have been controversial within the cryptocurrency world, where Bitcoin’s decentralized ethos directly opposes the monopolistic control he has sought.

The court’s decision represents a major victory for the Crypto Open Patent Alliance (COPA), a consortium of technology and cryptocurrency firms advocating for open-source software development. By challenging Wright’s lawsuits, COPA aimed to prevent the disruption of Bitcoin’s development and to protect the broader cryptocurrency ecosystem from Wright’s litigation threats, which included claims totaling more than £900 billion ($1.1 trillion).

What To Know

Justice James Mellor sentenced …