A British judge has ordered the freezing of assets worth £6 million ($7.57 million) of a businessman, programmer and self-proclaimed creator of Bitcoin. These are the costs of opponents for legal proceedings.

Judge James Mellor explained that the reason for blocking Craig Wright's assets was fears that the businessman would withdraw funds abroad or avoid paying legal costs.

Earlier, the High Court of Business and Property of England and Wales issued a final verdict in the Crypto Open Patent Alliance (COPA) lawsuit. The Developers Alliance demanded that the entrepreneur be recognized as having no right to impersonate the creator of Bitcoin.

Craig Wright lost his case against COPA and will be required to pay legal costs. According to the verdict, the costs of the Crypto Open Patent Alliance are estimated at £6.7 million ($8 million). After losing the case, Craig Wright notified Companies House that the shares in his holding company RCJBR had been transferred to DeMorgan.

The businessman took measures to avoid financial costs after losing, the judge said. The self-proclaimed Satoshi Nakamoto has a history of failing to meet financial obligations. In this regard, COPA is entitled to award a significant amount of costs, James Mellor considered.

Earlier, the founder of BitcyClub, Gady Kohanov, announced that he had been watching with interest the progress of the trial in the UK, where it was about copyright for Bitcoin, and was pleased with the verdict of the High Court, which denied Craig Wright confirmation of the rights to develop the first cryptocurrency.