News - Did Craig Wright steal 80,000 Bitcoin?

By Mike Hesp

Did Craig Wright steal 80,000 Bitcoin?

Bitcoin (BTC)
Wallets and Whales
Scams, crime and fraud

Craig Wright wants Bitcoin developers to take responsibility for the loss of thousands of coins. However, the affected wallet leads back to the Mt.Gox hack.

You have to hand it to him: Craig Wright has a knack for bizarre lawsuits. The entrepreneur, who says of himself as Satoshi Nakamoto, allegedly owned 111,000 Bitcoin - and lost them again through a hack. As a result, he sued Bitcoin developers, who now want the proceedings temporarily stayed for lack of evidence. As if that were not curious enough, Craig Wright claims a wallet linked to the hacking attack on the crypto exchange Mt.Gox. If he wants to keep the charges, he would have to explain how he got the 80,000 Bitcoin.

Doubts over Bitcoin hack

In 2022, 111,000 BTC were allegedly stolen from Wright's private computer. A year later, Tulip Trading, a Seychelles-based holding company founded by Craig Wright, filed a lawsuit against 12 Bitcoin developers. They were alleged to have breached their fiduciary duties by failing to program in a way that allowed the stolen coins to be recovered.

Bitcoin developers' lawyers now claimed the lawsuit was "fraudulent." Wright refers to "forged documents." They also paint the picture of a notorious liar. The 53-year-old has "a long history of fraud, forgery and dishonesty." according to the indictment. There is no evidence of a hack, nor that Tulip Trading was in possession of the Bitcoin.

Lawsuit doomed to failure

The assets were reportedly held at two wallet addresses. So far, there is no evidence that these belong to Tulip Trading or Wright. In addition, one of the addresses contains Bitcoin worth several million dollars linked to the hack of the Mt.Gox exchange.

"It is widely accepted in the crypto community that the Bitcoin in the 1Feex address came from a well-publicized hack of a Japanese crypto exchange," the opposition said. "In essence, it appears that if Dr. Wright is the owner of the Bitcoin in the 1Feex address (which is disputed), he has in fact admitted to being the person who stole 80,000 BTC from Mt.Gox." Tulip Trading's lawsuit was therefore "doomed to failure."

"Faketoshi'' Craig Wright

Craig Wright has claimed to be the inventor of Bitcoin for years, but he has never been able to prove it. In 2018, he split off the "Satoshi Vision" network from Bitcoin. And since then, he has been flooding the crypto sector with lawsuits. For example Against Coinbase and Kraken, whom he accuses of copyright infringement. He himself is accompanied by accusations of plagiarism.

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