During the first week of Feb. 2023, the United Kingdom Court of Appeal overturned a High Court decision from March 2022 in the case of Craig Wright’s Tulip Trading Limited (TTL) vs. 16 cryptocurrency developers. The case will proceed to trial as Wright, who claims to be Satoshi Nakamoto, stated his team was “delighted” with the judges’ decision to overturn the March dismissal. Meanwhile, former Bitcoin core developer Gavin Andresen revised a 2016 blog post, insisting that it was a “mistake to trust Craig Wright as much as I did.”
Court of Appeal Allows Tulip Trading Case to Proceed to Trial; Gavin Andresen Reflects on Trusting Craig Wright, Refuses to Play ‘Who is Satoshi’ Game Anymore
Craig Wright, the Australian man who claims to be the pseudonymous creator of Bitcoin, Satoshi Nakamoto, won an appeals motion on February 3, 2023, allowing his firm, Tulip Trading Limited (TTL), to take 16 open-source cryptocurrency developers to trial. Three judges overruled a previous dismissal from March 2022. TTL is seeking roughly $3 billion in alleged stolen digital assets and asserts that fiduciary and tortious duties require open-source blockchain developers to encode a digital asset recovery tool. The Bitcoinsv (BSV) network, which 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 claim for breach of fiduciary duties and/or duty of care against the developers of blockchain linked digital assets including bitcoin,” Wright explained after winning the appeal.
After the U.K. court overturned the previous decision, former Bitcoin core developer Gavin Andresen revised a blog post he wrote in May 2016. The original post detailed Andresen’s meeting with Craig Wright and it stated, “I believe 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. “Feb 2023: I don’t believe in rewriting history, so I’m going to leave this post up,” Andresen wrote. “But in the seven years since I wrote it, a lot has happened, and I now know it was a mistake to trust Craig Wright as much as I did.”
The former Bitcoin core developer added:
I regret getting 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…
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