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.” 

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.

About the author

E-Crypto News was developed to assist all cryptocurrency investors in developing profitable cryptocurrency portfolios through the provision of timely and much-needed information. Investments in cryptocurrency require a level of detail, sensitivity, and accuracy that isn’t required in any other market and as such, we’ve developed our databases to help fill in information gaps.

Related Posts

E-Crypto News Executive Interviews

Automated trading with HaasBot Crypto Trading Bots

Crypto Scams

Millions in Cryptocurrency Stolen by Scammers in the Last Month According to Tenable Research
November 24, 2021
Behind The Scenes: How this Crypto Community Responded to + $50m Hack
October 18, 2021
Crypto Scams
Crypto Scams Still Persistent In 2021, SEC Warns About Red Flags To Watch
September 9, 2021
Poly Network
Here’s How Hackers Stole Over $600 million in the Poly Network Attack
August 12, 2021
The World’s Most Infamous Crypto Hacks and Scams
July 31, 2021

Blockchain/Cryptocurrency Questions and Answers

Crypto casinos
How Does Bitcoin Casino Work + 2021 Beginner’s Guide
November 8, 2021
How to Buy and Sell Cryptocurrency
November 8, 2021
What Are Bitcoin Futures And How Will They Work In 2022?
November 4, 2021
The Unconventional Guide to Ethereum
October 28, 2021
ICo Presale
The Science Behind ICO Presales…
October 14, 2021

CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin48,217 0.34 % 2.96 % 15.76 %
Ethereum4,035.6 1.02 % 4.55 % 5.93 %
Binance Coin552.00 2.17 % 4.92 % 9.72 %
Tether0.9986 0.03 % 0.08 % 0.23 %
Solana184.34 0.15 % 8.21 % 8.04 %
Cardano1.310 0.73 % 5.80 % 17.45 %
USD Coin1.000 0.14 % 0.20 % 0.17 %
XRP0.7757 0.25 % 8.10 % 19.76 %
Polkadot30.87 2.19 % 17.29 % 10.73 %
Terra63.66 0.95 % 14.58 % 27.40 %

Bitcoin (BTC) $ 47,754.00
Ethereum (ETH) $ 3,996.16
Binance Coin (BNB) $ 551.09
Tether (USDT) $ 0.98997
Solana (SOL) $ 182.32
Cardano (ADA) $ 1.30
USD Coin (USDC) $ 0.990865
XRP (XRP) $ 0.77179
Polkadot (DOT) $ 26.20
Terra (LUNA) $ 62.64