The fake Satoshi Nakamoto withdraws the lawsuit against the developers

The post The fake Satoshi Nakamoto withdraws the lawsuit against the developers appeared on BitcoinEthereumNews.com. On Monday the self-proclaimed Satoshi Nakamoto, Craig Wright, dropped a lawsuit filed by his holding company against 12 Bitcoin developers. It is reported by the Bitcoin Legal Defense Fund (BLDF), the foundation created in 2021 specifically to support Bitcoin developers in their defense against the lawsuit filed against them by Tulip Trading Ltd. of Craig S. Wright, based in the Seychelles. The news should therefore be considered official, even if biased, since it actually comes from the same accused parties.  Satoshi Nakamoto: Craig Wright’s lawsuit against developers The so-called “Tulip Trust” is the trust where the private keys of Satoshi Nakamoto’s addresses are said to be stored.  It was created in the early days of Bitcoin by three people, one of whom should be the same Satoshi Nakamoto, the other was the deceased Dave Kleinman, and the third was Craig Wright himself.  This is a trust that stores the keys in a repository protected by two other keys, one probably owned by Craig Wright, and the other owned by the deceased Dave Kleinman’s brother. In theory there should also be a third key, held by Satoshi Nakamoto, but the latter disappeared into thin air in 2011 probably taking his trust private key with him. In 2021, Craig Wright’s Tulip Trading sued 12 Bitcoin Core developers asking them to modify the code of Bitcoin in order to allow him to access 111,000 BTC stored in addresses of which he claims to have lost the private keys. In fact, Wright claimed that those keys had been stolen from his computer. Obviously the 12 developers refused, also because they wouldn’t have been able to force the whole world to accept a modified version of the Bitcoin code that was not compatible with the one in use.  However, in the following years Wright relaunched,…

Apr 18, 2024 - 13:00
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The fake Satoshi Nakamoto withdraws the lawsuit against the developers

The post The fake Satoshi Nakamoto withdraws the lawsuit against the developers appeared on BitcoinEthereumNews.com.

On Monday the self-proclaimed Satoshi Nakamoto, Craig Wright, dropped a lawsuit filed by his holding company against 12 Bitcoin developers. It is reported by the Bitcoin Legal Defense Fund (BLDF), the foundation created in 2021 specifically to support Bitcoin developers in their defense against the lawsuit filed against them by Tulip Trading Ltd. of Craig S. Wright, based in the Seychelles. The news should therefore be considered official, even if biased, since it actually comes from the same accused parties.  Satoshi Nakamoto: Craig Wright’s lawsuit against developers The so-called “Tulip Trust” is the trust where the private keys of Satoshi Nakamoto’s addresses are said to be stored.  It was created in the early days of Bitcoin by three people, one of whom should be the same Satoshi Nakamoto, the other was the deceased Dave Kleinman, and the third was Craig Wright himself.  This is a trust that stores the keys in a repository protected by two other keys, one probably owned by Craig Wright, and the other owned by the deceased Dave Kleinman’s brother. In theory there should also be a third key, held by Satoshi Nakamoto, but the latter disappeared into thin air in 2011 probably taking his trust private key with him. In 2021, Craig Wright’s Tulip Trading sued 12 Bitcoin Core developers asking them to modify the code of Bitcoin in order to allow him to access 111,000 BTC stored in addresses of which he claims to have lost the private keys. In fact, Wright claimed that those keys had been stolen from his computer. Obviously the 12 developers refused, also because they wouldn’t have been able to force the whole world to accept a modified version of the Bitcoin code that was not compatible with the one in use.  However, in the following years Wright relaunched,…

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