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Cryptocurrency News Articles
UK High Court Issues World Freezing Order Against Craig Wright's Assets
Jul 06, 2024 at 03:31 am
The UK High Court has issued a World Freezing Order, or ‘WFO’ against assets of Craig Wright, the Australian computer scientist who sued entrepreneur and podcast host Peter McCormack in 2019.
A UK High Court has issued a World Freezing Order against the assets of Australian computer scientist Craig Wright. This comes after McCormack’s application for a WFO against Wright was granted by the court.
The order aims to help McCormack recover over £1.5 million ($1.9 million) in legal fees, as stated in legal documents filed on Friday, July 5.
In 2019, Wright filed a libel case against McCormack, accusing him of defamation over remarks that Wright was not Bitcoin creator Satoshi Nakamoto. However, Wright lost that case in August 2022, and an appeal was dismissed on July 26, 2023. The UK Supreme Court also refused Wright’s appeal in December 2023.
Justice Mellor noted the developments around the COPA Trial in his judgment. In May 2024, the judge ruled that Craig Wright is not Satoshi Nakamoto or the creator of Bitcoin. The ruling also stated that Craig did not write the Bitcoin White Paper, which introduced the world’s largest digital asset.
Peter McCormack shared the latest verdict against Wright in this matter, noting that a worldwide freezing order “in the sum of £1.548m” was to aid in the recovery of his legal fees.
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