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Craig Wright Sentenced to 12 Months in Prison, Suspended for Two Years, for Contempt of Court Over £900 Billion Bitcoin Claims

Dec 19, 2024, 07:54 PM

Craig Wright, the Australian computer scientist who claims to be Satoshi Nakamoto, has been sentenced to 12 months in prison, suspended for two years, after being found guilty of contempt of court by a London judge. The ruling comes after Wright failed to comply with a court order that barred him from pursuing legal actions related to his claim of being the Bitcoin inventor. The judge determined that Wright had repeatedly lied about his role in the creation of Bitcoin and showed no remorse for his actions. In addition to the suspended sentence, Wright is ordered to pay £145,000 in legal fees. The case involved a claim of approximately £900 billion, which Wright had launched, asserting his rights over Bitcoin's intellectual property. The court's decision marks a notable setback for Wright, who has long been a controversial figure in the cryptocurrency community.