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Market News The Open Patent Alliance for Cryptocurrencies Defeats Craig Wright's Claiming to Be the Creator of Bitcoin

The Open Patent Alliance for Cryptocurrencies Defeats Craig Wright's Claiming to Be the Creator of Bitcoin

The decision by the Cryptocurrency Open Patent Alliance (COPA) and Judge Edward Mellor that Craig Wright did not create Bitcoin is a triumph for developers and the open source community, according to Bloomberg.

TOP1 Markets Analyst

2024-03-18

8326

The Cryptocurrency Open Patent Alliance (COPA), a group of developers supported by Judge Edward Mellor, reportedly informed Bloomberg that Craig Wright was not the creator of Bitcoin, Satoshi Nakamoto. At the conclusion of the trial, an oral judgment determined that Wright had not authored the Bitcoin White Paper and had not developed the initial Bitcoin software. The outcome was confirmed by a High Court spokesperson, and a complete written judgment is scheduled to be released at a subsequent time.

Wright has, largely without success, filed numerous legal challenges around the globe in an effort to establish his purported identity as Nakamoto. This decision, according to COPA, is advantageous for developers, the open source community as a whole, and the truth. At this juncture, the Australian is not prepared to communicate with anyone, according to a Wright spokesperson.