Blog Arthur van Pelt – We can add two more lawsuits to the growing list. On May 3, his lawyer ONTIER in England announced that on behalf of their client Craig Wright – who is invariably referred to as the inventor of Bitcoin – they have initiated a so-called Intellectual Property lawsuit against the well-known US crypto exchanges Kraken (started in 2011 with headquarters in San Francisco, California) and Coinbase (started in 2012, headquartered in San Francisco, California).
From ONTIER’s press release:
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†London 3 May 2022 – Dr. Craig Wright, inventor of the first successful electronic money system, Bitcoin, and two of his subsidiaries, Wright International Investments Limited (WII) and Wright International Investments UK Limited (WIIUK), have filed intellectual property claims against two cryptocurrency exchanges – Kraken and Coinbase (NASDAQ: COIN) – to erroneously suggest that the cryptocurrency “Bitcoin Core” (BTC) is Bitcoin.
The plaintiffs claim that these and other exchanges traded in BTC – which encouraged investors and consumers to trade and invest – by transferring this cryptocurrency to Bitcoin, despite the fact that it was first set up in 2017 as another software implementation. of and apart from the bitcoin protocol that Dr. Wright established when he first created the electronic money system over 13 years ago. The only digital currency that remains true to the original bitcoin protocol is “Bitcoin Satoshi Vision” (BSV), the software implementation of the original bitcoin protocol. The plaintiffs claim that this misrepresentation by Coinbase and Kraken has led to confusion among holders of digital currencies about the authenticity of the currencies that many have bought and traded with.
The plaintiffs are seeking a court order preventing the defendants from promoting BTC as bitcoin by abusing the bitcoin logo or a visually similar sign or wording.
The claims are likely to be worth hundreds of billions of British pounds if a study of the full profits of each of these appropriations is carried out by an expert witness before the court.
The case was filed in the Intellectual Property List of Business and Property Courts of England and Wales on April 29, 2022. They are the first in what will be a series of claims against each of the major digital currency exchanges initiated to avoid future misunderstandings about the true operational nature of Bitcoin.
Bitcoin (BSV) is the fastest, most scalable, environmentally efficient and regulatory-friendly blockchain available while complying with the original protocol from Dr. wright. dr. Wright argues that no other digital currency inappropriately disguises itself under the Bitcoin name.
Simon Cohen from ONTIER said:
“These actions are undoubtedly groundbreaking for the digital asset market. In short, the plaintiffs’ claim is that if your digital asset does not strictly comply with the bitcoin protocol and is not linked to the bitcoin blockchain, then it is not bitcoin and should not be marketed as such or product choice is a major driver of innovation, but cryptocurrency owners need to know exactly what they are buying and stability comes from transparency. Bitcoin was designed as a peer-to-peer electronic cash payment system, not a store of value. is the highest-ranking claim ever made to the English courts, the arguments in support of our clients’ position are straightforward and verifiable. “
dr. Wright, WII and WIIUK are advised by ONTIER LLP Partners, Derek Stinson and Aoife Keane, Managing Associate, Simon Cohen and Associate Tom Leach. Hogarth Chambers’ Alastair Wilson QC, Michael Hicks and Jamie Muir Wood have been appointed advisers with further assistance from Harcus Parker’s partner, Damon Parker.
I hope the reader has been able to digest this hilarious nonsense – whispered to ONTIER by Craig Wright – and is ready to read on. Because the press release also provides a nice overview of all the ongoing lawsuits that Craig Wright is currently involved in, in the “Notes to editors” section (where it should be clear that Craig Wright has not written the Bitcoin White Paper, he has not published under the name Satoshi Nakamoto, and also that he “dewormed” himself in December 2015 using a mix of authentic material and homemade forgeries that he had sent to Wired and some other media companies under a false name):
†dr. Wright wrote the white paper “Bitcoin: A Peer-to-Peer Electronic Cash System” and published it in October 2008 under the pseudonym Satoshi Nakamoto. He was involuntarily revealed as Satoshi by Wired magazine in December 2015.
The plaintiffs acknowledge the regulatory liability of the exchanges listed on Nasdaq in respect of these cases.
This lawsuit is the latest in a series of legal claims filed by ONTIER LLP on behalf of Dr. Wright and its affiliates to uphold its right to protect its legitimate digital assets, its reputation as the creator of Bitcoin and its associated intellectual property:
In 2021, ONTIER filed a copyright claim against the anonymous digital currency enthusiast operating under the pseudonym “CØbra”).
Last year, ONTIER also launched a lawsuit against the developers of BTC, BCH, BCH ABC and BSV to restore control of addresses containing Bitcoin and other digital currencies. The defendants’ jurisdiction against this claim is currently being appealed by the plaintiff, Tulip Trading Ltd (the trust of which Dr. Wright and his family are the beneficial owners).
On 23 and 24 May 2022, the trial will take place in the London High Court concerning Dr. Wright to Bitcoin podcaster Peter McCormack.
Likewise, ONTIER is directed by Dr. Wright in his English defamation suit against Twitter user Hodlonaut, an avid digital currency enthusiast whose lawsuit is likely to be heard in late 2023.
ONTIER advises Dr. Wright also on his defense and counterclaims regarding the Crypto Open Patent Alliance’s challenge to the authorship of Dr. Wright from the bitcoin white paper, which is likely to be heard in 2023.†
I deliberately waited a while before writing this article to see how this “several hundred billion British pounds” message from our Satoshi actor would fall on the market.
In short: a massive radio silence.
Kraken has remained completely silent until now, while Coinbase is obliged, as a listed company, to report so-called “material facts” to their shareholders within 4 days. However, there was no such message to shareholders. Also, when you present figures for Q1 2022 and look ahead to Coinbase’s future, not a single word about Craig Wright and his claim. How could we explain this?
To me, the explanation is simple: people do not take this (again) seriously at all. And rightly so, if you ask me. Craig Wright has not been taken seriously with his false statements without evidence since the “revelation” in December 2015, where the evidence he presents is almost always falsified and backdated. And whether Craig Wright says it, or his lawyer; it’s still nonsense.
And meanwhile, only Craig Wright himself continues to blow loudly from the tower … For he already knows what will come after the Coinbase and Kraken cases.
Until next time! For the latest Craig Wright news, you can Follow Arthur van Pelt on Twitter†
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