Man Who Kept Insisting He is Satoshi Nakamoto is Now Going to Jail

Craig Wright, a controversial computer scientist, who has long falsely claimed to be “Satoshi Nakamoto”, the anonymous creator of Bitcoin, has now been sentenced to a year in jail for contempt of court, in the United Kingdom. As per the court, Wright has been running this false campaign to keep his “cult like” followers engaged.

Wright was asked by the London High Court earlier this year to stop falsely promoting himself as Satoshi, the fabled creator of Bitcoin, who disappeared after inventing the cryptocurrency back in 2009. Despite the high court’s order, Wright continued filing lawsuits (some claiming $1.2 trillion) seeking compensation and intellectual rights from different organizations, falsely claiming himself to be the creator of Bitcoin.

As a result, the British court observed a serious contempt of court carried out by Wright, and referred to his multiple lawsuits as “legal terrorism” and noted that he keeps making such false claims to keep his “cult like” followers group engaged. Now, Wright, who is a native of Australia and lives in U.K., faces jailtime if and when he returns to the latter.

Wright has repeatedly claimed to be living “somewhere in Asia” and if required, UK authorities might also issue an international warrant to nab him. If you find the Craig Wright case interesting then you will definitely find his life and work fascinating as we dig deep and put him in spotlight in this exclusive article.

Craig Wright and his obsession to become Satoshi Nakamoto

Craig Steven Wright was born in October 1970 in Brisbane, Australia is and a computer scientist and businessman. He completed his graduation from high school in 1987 at Padua College in Brisbane. He built a career in information technology, working for companies OzEmail, Kmart, and the Australian Securities Exchange. He gained academic credentials, including a PhD from Charles Sturt University in 2017, and claims to hold a doctorate in theology from United Theological College.

Wright was never a stranger to controversies even before his bizarre Bitcoin claims began. In 2004, Wright was convicted for contempt of court by the Supreme Court of New South Wales for which he received a 28-day suspended prison for breaching an injunction related to his former employer DeMorgan Information Security Systems. 

After this incident, in 2005, Wright made a dramatic entry in the Bitcoin industry after a journalistic investigation by Wired and Gizmodo suggested that he might be the inventor of Bitcoin, “Satoshi Nakamoto”. After the report came out, the Australian police conducted a raid on his home at Gordon, New South Wales and his business premises which is a part of the Australian Tax Office investigation. 

Despite calling this event a speculation, Wright took advantage of the opportunity and started a campaign to be recognized as Bitcoin’s creator. On 2 May 2016, Wright made his first try to prove his identity as Satoshi, he posted a blog post on the website “www.drcraigwright.net” where he presented what he claimed was cryptographic proof of his identity. 

However, the cryptocurrency community quickly trashed his evidence, with security researchers Jordan Pearson and Lorenzo Franceschi-Bicchierai saying that he used an old signature of Satoshi performed during a Bitcoin transaction in 2009.

Wright didn’t stop there, in April 2019, Wright registered US copyright for Bitcoin’s white paper and the code for Bitcoin 0.1. To fight Wright’s claim of being Satoshi Nakamoto, the Crypto Open Patent Alliance (COPA) sued him in the High Court of London. On March 14, Justice Mellor ruled that Wright is not Satoshi Nakamoto and the written judgment was released on 20 May 2024 which clarified that the Wright documents were forged and he lied to the court.

“Legal Terrorism” by Craig Wright

Wright’s journey consisted of way too many legal battles, In February 2018, Dave Kleiman’s estate a former business partner sued Wright in Florida, claiming he had cheated Kleiman out of $5 billion worth of Bitcoin and intellectual property.

In 2021, after a three-week trial, the jury found Wright guilty in that case and ordered him to pay $100 million in damages to Kleiman’s estate. If someone thinks that this man is crazy then think twice, in 2019 Craig Wright started suing people who called him fraud and accused him of lying over the Satosi identity. He also send legal notice to Vitalik Buterin (the founder of Ethereum), Roger Ver (a Bitcoin entrepreneur), and Peter McCormack (a podcaster).

However, he lost most of his cases and the jury found Wright to be dishonest. No surprises there !

Final Thoughts

It appears that Craig Wright has lived his whole life in this particular delusion and wasted a lot of time of his contemporaries, courts and media. He is, at best, a court jester, who this time has managed to upset the judge and is facing imprisonment.

Satoshi Nakamoto was a legend, a person who made a whole new financial industry, a digital gold, and laid the foundation of the blockchain industry. If he wanted fame he would never have disappeared. His disappearance was the final masterpiece in Bitcoin’s creation. 

Also Read: Why We Will and Should Never Know Who Satoshi Nakamoto Is?