Craig Wright’s Legal Chances of Winning Latest Lawsuit Are ‘Basically Nil,’ Analysts Say

Over 70% of Craig Wright's 259 claims in his latest UK lawsuit are based on “misunderstandings, blatant misrepresentations, and legally incoherent theories,” according to analysts.

Analysis of Craig Wright’s latest UK lawsuit claims reveals that over 70% of them are unfounded, according to X (formerly Twitter) account CSW Fact Check.

The account examined Wright’s 259 claims and found that 184 of them are unlikely to succeed. Even the remaining 75 claims that appear to have a chance are said to be only "remotely grounded in fact."

According to the fact-checkers, Wright is applying concepts that are irrelevant to Bitcoin’s decentralized nature and displaying "a fundamental disconnect from legal reality."

"At its core, Wright’s case is a misadventure in legal theory, an elaborate distraction veiling his continued bid for control over Bitcoin’s decentralized future," the account said.

The lawsuit, filed by Wright on October 10, sees him representing himself without any legal aid. In the suit, he claims that Bitcoin Core developers have strayed from Bitcoin’s original vision and that his own cryptocurrency, Bitcoin Satoshi Vision (BSV), is the real Bitcoin. He is also seeking over $1 billion in damages.

Earlier this year, the High Court ruled that Wright is not Satoshi Nakamoto and, as a result, the Australian businessman was issued several injunctions, which both CSW Fact Check and patent attorney David Pearce say have already been breached in his latest lawsuit.

Craig Wright’s legal chances are ‘basically nil’

According to Pearce, Wright is now in contempt of court for claiming ownership of goodwill that exists in the name "Bitcoin." This offense carries a maximum sentence of two years in prison and potential fines.

However, the attorney told Protos that he disagrees with Wright’s analysis of database rights in Bitcoin, adding that this particular issue "isn't really that important and will most likely never get tested in court."

He said that he expects the latest case brought by Wright to be dismissed, adding that "it may be solely on the contempt point but there are many other possibilities that could come into play too."

As for any appeals by Wright, he said that they will also likely fail as they attempt to overturn findings of fact. "Even if permission is granted, I think the chances of overturning the decision of Mellor J are basically nil," he said.