UK court denies Craig Wright’s appeal in litigation, upholding symbolic compensation of one pound.
COPA rejects Wright settlement, defending integrity of Bitcoin ecosystem against copyright claims.

The UK High Court has rejected Craig Wright’s appeal request in his litigation against Peter McCormack, upholding the previous ruling awarding only £1 in compensation to Wright for his defamation claim. This ruling emphasizes the insufficiency of the evidence presented by Wright in his claim to be Satoshi Nakamoto, the creator of Bitcoin.

The court’s decision, according to Rupert Cowper-Coles, a partner at law firm RPC representing McCormack, upholds the original judgment and underscores the ineffectiveness of Wright’s appeal attempts. In parallel, Wright faces another legal battle related to the infringement of his alleged copyright on essential Bitcoin components.

In connection with this case, the Cryptocurrency Open Patent Alliance (COPA) has rejected a settlement proposal, citing deficiencies that would allow future lawsuits. COPA, representing major Bitcoin developers and companies such as Coinbase and Block, takes a firm stance on maintaining the integrity and openness of the Bitcoin ecosystem.

The UK High Court’s denial of Wright’s appeal and COPA’s stance evidences a resilience in the face of claims deemed to lack solid grounds. This case highlights the complexity of legal interactions in the crypto sector and the need for a robust defense against claims that could affect the structure and perception of the Bitcoin ecosystem.

The Supreme Court’s decision and COPA’s response to the Wright settlement proposal reflect the current state of legal disputes in the crypto world and underscore the importance of consistency, clarity and legal defense in an ever-evolving sector.

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Filed under: Bitcoin - @ January 27, 2024 7:00 am