Craig Wright's $7.5 million in assets will be frozen

British judge James Mellor has ordered the freezing of the assets of programmer and self-proclaimed creator of Bitcoin Craig Wright in the amount of £6 million (about $7.56 million at the time of writing). This is reported by CoinDesk citing court documents.

The court ordered Wright's funds to be frozen to prevent him from moving them abroad or avoiding legal fees. Let us recall that according to the decision of Judge James Mellor dated March 14, 2024, programmer Craig Wright is not the author of the official Bitcoin document and has nothing to do with the development of the first cryptocurrency.

Thus, he lost his case against the Crypto Open Patent Alliance (COPA) and is required to pay the costs associated with the lawsuit. According to the court decision, COPA expenses are approximately £6.7 million.

After losing the case, Wright notified Companies House that the shares in his holding company RCJBR had been transferred to DeMorgan.

The ruling states that the self-proclaimed Satoshi Nakamoto has a history of defaulting on payment obligations. Because of this, COPA has a “substantial right to award significant costs,” Mellor added.

Wright was previously ordered to pay $516,000 as part of a lawsuit against Coinbase and Kraken.

It is worth noting that the programmer has repeatedly tried to prove in court his involvement in the development of Bitcoin. However, he made unconvincing arguments and could not even name the person to whom he allegedly sent tokens on behalf of Satoshi Nakamoto.

Wright lost most of his cases, as in the case of his confrontation with blogger Peter McCormack. The Supreme Court ruled that the programmer knowingly gave false testimony. In view of this, a nominal compensation of £1 was awarded.