Craig Wright Plans to Take Legal Action Against BTC Developers, Hopes to Recover Over $3B in ‘Stolen Bitcoin’ – Bitcoin News

Craig Wright, the individual that claims to be Satoshi Nakamoto, seems to be planning to initiate legal action against a number of open-source blockchain developers. Wright’s legal team, Ontier LLP, has allegedly sent letters to programmers who work on blockchains like Bitcoin, Bitcoin Cash, and Bitcoinsv as well. The self-styled Bitcoin inventor’s legal action letters claim 111,000 bitcoin was stolen from his “computer network” back in February 2020.

The So-Called Fiduciary Duty: Regaining Access to the Alleged Stolen Keys

The Australian businessman who has claimed to be Satoshi Nakamoto for years now, has announced he may be initiating legal action against open source developers. Despite the fact that many experts, the media, and the greater crypto community believe Wright’s Satoshi Nakamoto claims are false, Wright has continued to stand behind his word.

Recently, Wright’s legal team has asked a few websites like bitcoin.org to remove the white paper from the domain over ostensible copyright claims. Now reports disclose that Wright has begun his next form of legal action. Coingeek contributor, Jordan Atkins, explains that Wright had the private keys from two bitcoin addresses stolen in a hack.

Atkins and the letter from Ontier LLP, say that back in June 2020, Wright sent letters to developers who work on BTC, and other public blockchains. Wright and his legal team seem to believe that incumbent Bitcoin network developers are legally responsible to “avoid illegitimate transactions being entered onto the blockchain.”

Ontier’s letter shows two addresses and one address contains 79,957.20 BTC while the other address contains 31,000 BTC. Both addresses still have all the coins sitting idle and the…

Read More