Australian computer scientist Craig Wright is suing 15 developers in a London court in a bid to retrieve about 111,000 bitcoin after he lost the encrypted keys.
UK lawsuit of ‘bitcoin inventor’ can go to trial
Self-proclaimed bitcoin creator Craig Wright’s lawsuit against bitcoin network developers to try to recover billions of dollars can continue to trial, a London court says.
The ruling paves the way for a trial on whether developers owe duties to the owners of digital assets – which a lawyer representing some developers said could pose a fundamental challenge to decentralised finance if Wright won.
Australian computer scientist Wright is suing 15 developers in an effort to retrieve about 111,000 bitcoin – currently worth about $US2.5 billion ($A3.6 billion) – after he lost the encrypted keys to access them when his home computer network was allegedly hacked.
Wright’s Seychelles-based company Tulip Trading is taking legal action against the developers of three networks, arguing they are obliged to write software patches to help Tulip recover the bitcoin.