UK High Court Denies Appeal to Pseudonymous Bitcoin Developer, Cobra Bitcoin
Read about the recent UK High Court decision denying the appeal of pseudonymous Bitcoin developer, Cobra Bitcoin, against entrepreneur Craig Steven Wright. Bitcoin.org is forbidden from publishing Bitcoin whitepaper in the UK and Cobra Bitcoin has been ordered to pay $640,000 in legal bills.
Posted 10 months ago in Bitcoin
Australian entrepreneur and computer scientist Craig Steven Wright, a self-proclaimed Bitcoin (BTC) creator, surprisingly hit pseudonymous Bitcoin.org developer Cobra Bitcoin with an over $640,000 court order. The U.K. High Court decision is criticized by blockchain veterans from all over the globe.
Bitcoin.org is forbidden indefinitely from offering Bitcoin (BTC) whitepaper and software to U.K. citizens. Also, the pseudonymous owner of Bitcoin.org, who goes by Cøbra or Cobra Bitcoin, must pay $640,000 of Craig Steven Wright's legal bills.
The U.K. High Court judge denied the appeal of Cobra and confirmed that anonymous participation in the proceedings violates the rules of justice. This is a major win CSW scored in his copyright infringement battle with the Bitcoin (BTC) community.
Cøbra explained his decision to keep pseudonymity amid regulatory scrutiny: 'I didn't defend the case because I thought the impact of the injunction was minimal and the costs would be negligible. Then after the default judgement, I get served with a bill of costs of over half a million pounds. The UK is just completely insane.'
Bitcoin (BTC) enthusiasts on social media called this decision 'insane' and 'absurd' and highlight that it poses a threat to the cryptocurrency segment.
CSW still might face civil sanctions as a U.S. Court in Florida recommended that a higher-ranked judge consider possible civil sanctions against CSW for incomplete financial disclosure. Bitcoin Core former lead maintainer Gavin Andresen announced that it was a mistake to trust Craig Wright that much.
Last updated 9/19/2023, 12:28:30 PM
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