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Craig Wright Begins Landmark Legal Action Against Bitcoin Developers, Others

Written by:
Jagajeet Chiba
Published on:
Feb/24/2021

Dr. Craig Wright, an Australian computer scientist who claims to be the inventor of bitcoin, is now suing the developers of BTC, BCH, BCH ABC and BSV over 111,000 stolen Bitcoin, according to an announcement by ONTIER.

The Bitcoin was lost when the private keys to two addresses were stolen in a hack on Dr. Wright’s network in February of 2020.

Wright's lawyers have sent formal letters before action to the developers of each digital coin.

The action will, for the first time, examine the nature and extent of legal duties conferred upon and owed by developers resulting from the control they exercise over their respective blockchains. In February 2020, Dr Wright’s personal computer washacked by persons unknown andencrypted private keys to two addresses, which hold substantial quantities of Bitcoin belonging to TTL, were stolen. These assets were, and continue to be, owned by TTL. The theft is the subject of an on-going investigation.

The value of the claim as at today’smarket rates will be in excess of £3.5bn.

- Jagajeet Chiba, Gambling911.com

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