Craig Wright, who claims to be Bitcoin’s creator, faces a Worldwide Freezing Order (WFO) from the UK High Court. Justice Mellor issued the WFO in favor of Peter McCormack on charges of defamation and fraudulent conduct.
The WFO aims to prevent Wright from moving assets to avoid paying $1.97 million in legal costs to McCormack. This stems from a defamation case where Wright falsely claimed to be Satoshi Nakamoto, Bitcoin’s creator. The court previously found Wright guilty of presenting deliberately false evidence.
Justice Mellor’s decision was influenced by Wright’s history of evading financial liabilities. This includes transferring company shares offshore post-judgment.
This case is part of a broader pattern of Wright’s legal battles. Recently, the Crypto Open Patent Alliance (COPA) won a case proving Wright is not Bitcoin’s creator. The High Court’s decision highlights the serious implications of fraudulent claims and the measures to prevent asset dissipation.
The ruling underscores the long-term legal and reputational risks associated with false claims in the cryptocurrency space.
