Craig Wright’s Motion to Dismiss Lawsuit Rejected Over Lack of Credibility

Craig Wright’s Motion to Dismiss Lawsuit Rejected Over Lack of Credibility 1

U.S. District Court Judge Beth Bloom has rejected Craig Wright’s motion to dismiss a lawsuit against him, primarily based on a perceived lack of credibility on his part.

Craig Wright, the creator of Bitcoin Cash fork Bitcoin SV and the self-proclaimed true identity behind Satoshi Nakamoto, the pseudonymous creator of Bitcoin, has long been a contentious figure in the crypto asset space. The cryptocurrency community has largely condemned Wright’s lack of evidence to prove this claim.

Nevertheless, Wright has aggressively defended his claim, even going so far as to pursue libel charges against a prominent Bitcoiner who disputed it. Now, this aggression has apparently come to work against Wright, as it has helped to undermine his credibility in the eyes of the court.

Current Lawsuit

In February 2018, the brother of one of Wright’s late business partners filed a suit against Wright over the alleged misplacement of more than 1 million bitcoin. Naturally, with such an astronomical sum of money involved, the proceedings of this suit have stalled. On April 15, 2019, Wright filed a motion to claim that the court does not have jurisdiction over the case. Judge Bloom has now rejected this claim for a number of reasons, stating that “the Court simply does not find the Defendant’s testimony to be credible.” She said that even as Wright argued that his own “numerous conflicting statements are the very reason confusion has been created … the Court should nonetheless use these statements as a basis to challenge the Court’s subject matter jurisdiction.” 

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Bloom rejected several of Wright’s claims in unsympathetic terms, going so far as to quote 18th century Scottish poet Sir Walter Scott: “Oh! What a tangled web we weave when first we practice to deceive!” 

With more than a year having passed since the original filing of the lawsuit, and clear indication that the presiding judge has doubts about Wright’s credibility, it seems likely that the suit will move forward in the near future.

Craig Wright’s Motion to Dismiss Lawsuit Rejected Over Lack of Credibility 2
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CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin34,433 2.05 % 3.42 % 9.85 %
Ethereum1,978.3 2.08 % 1.72 % 16.90 %
Tether0.9976 0.10 % 0.09 % 0.53 %
Binance Coin304.89 2.72 % 4.08 % 13.68 %
Cardano1.360 2.54 % 10.30 % 8.81 %
Dogecoin0.2670 1.37 % 14.04 % 13.22 %
XRP0.6616 3.46 % 2.56 % 21.69 %
USD Coin1.000 0.68 % 0.12 % 0.38 %
Polkadot15.93 4.98 % 3.14 % 29.36 %
Binance USD1.000 0.32 % 0.19 % 0.38 %

bitcoin
Bitcoin (BTC) $ 34,308.00
ethereum
Ethereum (ETH) $ 1,970.84
tether
Tether (USDT) $ 0.997616
binance-coin
Binance Coin (BNB) $ 304.42
cardano
Cardano (ADA) $ 1.35
dogecoin
Dogecoin (DOGE) $ 0.265899
xrp
XRP (XRP) $ 0.661746
usd-coin
USD Coin (USDC) $ 0.997117
polkadot
Polkadot (DOT) $ 15.90
binance-usd
Binance USD (BUSD) $ 0.996063