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Man who claims he invented bitcoin faces prison after filing $1.1 trillion suit

20 December 2024 at 10:46

Craig Wright, the man who claims he invented bitcoin and has been filing lawsuits asserting intellectual property rights, was sentenced to a year in prison yesterday for committing contempt of court.

The sentence is suspended and can be enforced if Wright continues violating court rulingsβ€”but he may be able to avoid imprisonment by staying away from countries that have extradition agreements with the UK. Wright defied an order to attend a court hearing in person this week and said he is in Asia.

Wright "was sentenced for contempt of court on Thursday" for bringing a 911 billion pound ($1.1 trillion) lawsuit "against Twitter founder Jack Dorsey's payments company Block in Britain," Reuters wrote.

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