May 3, 2025
Blockchain

Craig Wright accuses Coinbase and Kraken of trading ‘fake’ bitcoin

  • May 6, 2022
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Self-proclaimed digital gold creator Craig Wright is suing crypto exchanges Coinbase and Kraken. This was reported by the law firm Ontier. Wright International Investments Limited and its owner

Craig Wright accuses Coinbase and Kraken of trading ‘fake’ bitcoin

Craig Wright accuses Coinbase and Kraken of trading ‘fake’ bitcoin
Craig Wright accuses Coinbase and Kraken of trading ‘fake’ bitcoin

Self-proclaimed digital gold creator Craig Wright is suing crypto exchanges Coinbase and Kraken. This was reported by the law firm Ontier.

Wright International Investments Limited and its owner Wright International Investments UK Limited signed the lawsuit with Wright. They claim that the platforms misrepresent information by offering Bitcoin Core assets to customers under the guise of Bitcoin.

“Plaintiffs claim that this and other exchanges […] encouraged investors and consumers to trade and invest. [Bitcoin Core]Ontier said in a statement, Dr. It is masquerading as bitcoin, although it was created in 2017 as a software implementation different from the bitcoin protocol established by Wright more than 13 years ago when he created the electronic money system.

According to Wright, the only digital asset that “stays true to the original bitcoin protocol” is Bitcoin Satoshi Vision (BSV).

The plaintiffs are seeking an injunction against the promotion of Bitcoin Core under the guise of bitcoin, to which, in their view, BTC belongs. They stressed that the defendants used the entity’s brand and name “inappropriately”.

The complaint was filed with the Trade and Property Court of England and Wales on 29 April 2022.

In 2019, Wright took over the copyright of the whitepaper and the Bitcoin source code. Later, the US Copyright Office announced that it did not recognize Satoshi Nakamoto as the creator of digital gold.

In January 2021, Wright accused Bitcoin.org and Bitcoincore.org of copyright infringement and requested that the white paper be removed.

The owner of Bitcoin.org Cobra refused to take this step. He later reported about death threats By someone “related to the Bitcoin SV community”.

With a similar request, Ontier lawyers turned to payment company Square, whose website has a copy of the document posted. In February, the Cryptocurrency Open Patent Alliance (COPA) demanded that Wright disclose the basis on which he claimed the copyright claim in the whitepaper.

In April, the alliance filed a lawsuit against the self-proclaimed bitcoin creator. COPA representatives demanded that it be admitted that the defendant had nothing to do with the writing of the document.

In June, Wright won the Bitcoin whitepaper against Cobra. Second, it is banned from infringing copyright “both by providing the ability to download the whitepaper from the Bitcoin.org website and otherwise” in the UK.

Recall that in December COPA won the first hearing in the case against Wright.

Source: Fork Log

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