UK Supreme Court Denies Craig Wright's Appeal: A Crypto Controversy

• Craig Wright's Appeal Denied by U.K. Supreme Court
• Fair Trial For Craig Wright
• Reaching out for Comments
• Another Legal Battle for Craig Wright
• Rejection of the Proposed 'Settlement'
• Parties Named in Wright's Original Legal Complaint

Craig Wright's Appeal Denied by U.K. Supreme Court

The U.K. Supreme Court has declined an appeal from Craig Wright concerning a previous ruling in his lawsuit against Peter McCormack, as informed to a source on Thursday. A judicial panel in July decided that Wright was justified to receive merely 1 GBP as compensation for a defamation suit against Bitcoin$42,260 -0.64% broadcaster Peter McCormack, revolving around Wright's assertion of being Bitcoin's creator, Satoshi Nakamoto.

Fair Trial For Craig Wright

News of the Supreme Court denying permission for Craig Wright's appeal was recently received, although the decision was made at the close of last year, expressed Rupert Cowper-Coles, a partner at the law establishment RPC, representing McCormack. They are quite satisfied with the ruling's sustainability - the nominal damages award of one pound, which Craig has fruitlessly attempted to appeal twice.

Reaching out for Comments

Attempts to contact Craig Wright's attorneys from the Shoosmiths law firm, McCormack, and the Supreme Court for comments before the news was released were unsuccessful.

Another Legal Battle for Craig Wright

Amidst Wright's most recent legal defeat, there is escalating tension in another lawsuit he has lodged against multiple cryptocurrency firms and a group of Bitcoin developers. The group declined a proposal on Thursday to resolve an enduring lawsuit alleging violation of Wright's supposed copyright to Bitcoin's white paper, blockchain database, and file format by accessing the Bitcoin network and its databases for their projects.

Rejection of the Proposed 'Settlement'

Stern refusal on that 'settlement,' was the response tweeted by the non-profit Cryptocurrency Open Patent Alliance (COPA). We find the settlement offer a bit dubious too - it includes exceptions that would enable him to litigate against individuals repeatedly.

Parties Named in Wright's Original Legal Complaint

COPA represents the 13 Bitcoin Core developers and corporations such as Coinbase and Block, who were mentioned in Wright's initial legal complaint from 2016.

Edited by Jonathan Stoker