During the first week of February 2023, the UK Court of Appeal reversed a March 2022 High Court decision in the case of Craig Wright’s Tulip Trading Limited (TTL) against 16 cryptocurrency developers. The case will proceed to trial as Wright, who claims to be Satoshi Nakamoto, stated that his team was “delighted” with the judges’ decision to overturn the March dismissal. Meanwhile, former Bitcoin lead developer Gavin Andresen reviewed a 2016 blog post, insisting that it was a “mistake to trust Craig Wright as much as I did.”
Appeals Court Allows Tulip Trade Case to Proceed to Trial; Gavin Andresen Reflects On Trusting Craig Wright, Refuses To Play ‘Who Is Satoshi’ Game Anymore
Craig Wright, the Australian who claims to be the pseudonymous creator of Bitcoin, Satoshi Nakamoto, won a motion of appeal on February 3, 2023, allowing his company, Tulip Trading Limited (TTL), to sue 16 Bitcoin developers. open source cryptocurrencies. . Three judges overturned an earlier dismissal from March 2022. TTL is searching about $3 billion in alleged robbery digital assets and claims that fiduciary and criminal duties require open source blockchain developers to code a digital asset recovery tool. The Bitcoinsv (BSV), which was forked from Bitcoin Cash (BCH), has already implemented a digital asset recovery tool on its chain.
“We are delighted that the judges have granted permission for TTL to pursue its breach of fiduciary duty and/or duty of care claim against developers of blockchain-linked digital assets, including Bitcoin,” Wright said. explained after winning the appeal.
After the UK court overturned the previous decision, former Bitcoin lead developer Gavin Andresen reviewed a blog post he wrote in May 2016. The original post detailed Andresen’s meeting with Craig Wright, saying, “I think Craig Steven Wright is the person who invented Bitcoin.” The post now includes an update from Andresen acknowledging that he believes it was a mistake to trust Wright. “February 2023 – I don’t believe in rewriting history so I’m leaving this post,” Andresen wrote. “But in the seven years since I wrote it, a lot has happened, and I know now that it was a mistake to trust Craig Wright as much as I did.”
The former Bitcoin core developer added:
I’m sorry I got sucked into the ‘who is (or isn’t) Satoshi’ game, and I refuse to play that game anymore.
Andresen’s 2016 post received significant criticism when it was initially published on the web. Six years ago, the developer also discussed the situation with members of the Reddit community after the post went live. “Craig signed a message I chose (‘Gavin’s favorite number is eleven. CSW’ if I remember correctly) using the private key from block number 1”, Andresen saying At the time. “That signature was copied onto a clean USB stick I brought with me to London and then validated on a new laptop with a freshly downloaded copy of Electrum. I was not allowed to keep the message or the laptop ((for) fear that it would be leaked before the Official Announcement). I don’t have an explanation for the funky OpenSSL procedure in your blog post.”
Later, during a Kleiman vs. Wright statement In June 2020, Andresen told the court that during the 2016 signing process, he may have been misled. “There are places in the private test session where I could have been fooled, where someone could have changed the software being used, or perhaps the laptop that was delivered was not a new laptop and had been tampered with. with somehow I also suffered from jet lag,” Andresen said in the statement. “My doubts arise because the proof that was presented to me is very different from the pseudo proof that was later presented to the world.”
It’s unclear why Andresen decided to review the post after Wright won the appeal and gained the right to sue the developers. Despite Andresen’s update, some BSV supporters carry on believe that Wright is the creator of Bitcoin, while others BSV defenders have required that Wright “demonstrates the same block signing” that he performed in private.
What do you think about Craig Wright’s ongoing legal battles and Gavin Andresen’s recent review of his 2016 blog post? Share your thoughts in the comments below.
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