Wright has taken his long-standing battle over Bitcoin's true purpose to the UK High Court, filing a colossal £911.05 billion ($1.19 trillion) lawsuit
Craig Wright, the Australian computer scientist who maintains he is Satoshi Nakamoto, the creator of Bitcoin, has filed a staggering £911 billion ($1.19 trillion) lawsuit in the UK High Court. The lawsuit is against “BTC Core” for allegedly misrepresenting the true purpose of Bitcoin.
The astronomical figure in the lawsuit stems from comparing the market value of his Bitcoin SV (BSV) creation, at £50 ($65) per token, to Bitcoin (BTC), at £48,000 ($62.6k). According to Wright, his BSV network is the real Bitcoin as it closely aligns with Nakamoto’s vision outlined in the Bitcoin whitepaper for a cheap and scalable network.
The defendants in the lawsuit are “BTC Core (a partnership),” leaving it unclear who precisely Wright holds responsible for the alleged misrepresentation of Bitcoin.
However, in an X post, Wright clarified that UK law permits legal action against a partnership without naming each individual partner. He added that even if the partners are not known, they can still be part of court proceedings if the claim was properly served on the partnership.
According to CPR 7A PD 5.2, a partnership can be sued by naming the partnership itself, without necessarily naming each individual partner. The claim is then served on any one of the partners or, alternatively, on the partnership’s principal place of business.
Wright further stated that the claim form was delivered on October 14, and as per civil procedure rules (CPR), his case was considered served the following day. He highlighted that under CPR, the defendants have 14 days to file a defense or risk a default judgment in his favor.
While CPR 15.4 confirms the 14-day window for filing a defense, CPR 9.1 states that a defendant is not obligated to respond “until the particulars of claim have been served on him,” suggesting Wright’s October 29 deadline is overly optimistic.
Additionally, as Wright appears to be asking the court to assist in identifying all parties associated with the “BTC Core” partnership, the process of serving the defendants with the particulars of the claim is likely to be lengthy.
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