Craig Wright Gets Suspended Jail Term Over False Bitcoin Claims

Craig Wright, who has long claimed to be Satoshi Nakamoto, the creator of Bitcoin, has received a 12-month jail sentence for contempt of court. The sentence, issued by a London court, is suspended for two years. Wright was found guilty of violating a court order by continuing to assert his identity as Nakamoto in legal claims.

The Crypto Open Patent Alliance (COPA) sued Wright, accusing him of ignoring a prior ruling that barred him from pursuing lawsuits related to his claims of being Bitcoin’s creator. In March, Judge Mellor had dismissed Wright’s claims, stating he was not Nakamoto and forbidding him from pursuing related cases in the UK or elsewhere. Despite this, Wright launched a $1.1 trillion legal claim over Bitcoin’s intellectual property in October, prompting COPA to act.

Craig Wright’s claims have faced significant legal challenges throughout 2024. UK courts have repeatedly dismissed his evidence, labeling his cases as groundless. Wright attended his sentencing virtually from an undisclosed location in Asia and announced plans to appeal the verdict. However, he declined to disclose his current whereabouts.

The controversy surrounding Nakamoto’s identity continues to capture global attention, especially as Bitcoin’s popularity has soared during its historic rally this year. HBO’s "Money Electric" documentary recently reignited debates, speculating that Canadian cryptographer Peter Todd might be Nakamoto. Todd has denied the allegations and reportedly gone into hiding after receiving threats and unwanted scrutiny.

In October, the mystery deepened further when Stephen Mollah claimed to be Nakamoto during a press conference in London. However, Mollah’s declaration ended in chaos, as he failed to provide credible evidence, and technical issues undermined his claims. These incidents underscore the persistent intrigue and speculation surrounding Nakamoto’s identity.

Wright’s sentencing highlights the legal and personal consequences of unproven claims about being Nakamoto. Popular entrepreneur Christen Ager-Hanssen commented on X (formerly Twitter), stating that Wright’s sentence demonstrates that truth matters and that justice can prevail. Ager-Hanssen also called for further investigation into Calvin Ayre’s alleged role in supporting Wright’s claims, as well as a CPS probe into possible perjury charges against Wright and his associate.

The mystery of Bitcoin’s creator remains unresolved, with many individuals attempting to claim the identity over the years. These attempts often lead to public and legal troubles, as seen in Wright’s case. While the truth about Nakamoto continues to elude the world, Wright’s story serves as a cautionary tale about the risks of making unverified assertions in the public and legal arenas.