Self-proclaimed Bitcoin inventor Dr_CSWright must pay security for legal costs to pursue a claim against krakenfx and coinbase, a U.K. court has ruled. By jackschickler.
Craig Wright, an Australian computer scientist who claims he is blockchain innovator Satoshi Nakamoto and owns the concepts underpinning Bitcoin, must pay 400,000 British pounds in security for legal costs to pursue claims against crypto exchanges Coinbase and Kraken.
The evidence “does not persuade me” that Wright or his investment company have liquid assets to meet potentially substantial legal costs, Mellor said, adding that he’ll strike out the action within weeks if security isn’t put in place. Mellor cited statements made by Wright that he had made himself financially “untouchable” by using a trust to shift assets and testimony allegedly inconsistent with that given in parallel U.S. court proceedings involving former business partner Ira Kleiman.
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