Craig Wright Claims BSV Is True Bitcoin, Files Lawsuit Against BTC Core Devs

The Australian Scientist and a controversial figure in the crypto world, Craig Wright, has once again stolen the spotlight today, filing a new lawsuit against the Bitcoin Core Developers. Besides, he also claimed that Bitcoin SV (BSV) is the true BTC, sparking discussions in the broader crypto market. Notably, this legal move comes after a prior UK High Court ruling that discredited his claims to be BTC creator.

Craig Wright Claims BSV To Be Real BTC In New Lawsuit

Craig Wright continues to assert that Bitcoin SV is the true Bitcoin in a recent lawsuit, as per a Forbes report. Notably, his lawsuit, filed in the High Court of Chancery Division in London, primarily targets the Bitcoin Core developers. He claims that they have misrepresented BTC as the original Bitcoin through modifications like SegWit and Taproot, which he argues stray from Satoshi Nakamoto’s vision.

Notably, Wright demanded £911 billion in damages, saying that the difference in the market value between BTC and BSV has impacted Bitcoin SV’s reputation and market position. However, this lawsuit follows a decision ruling earlier this year in the COPA V. Wright case, where UK Justice Mellor ruled that Wright was not the author of the Bitcoin White Paper. It also refuted his claims of being Satoshi Nakamoto.

Meanwhile, this lawsuit also comes after Craig Wright launched another legal action against Bitcoin Core devs recently. Filed on October 10, 2024, the claim alleges a partnership deal involving Bitcoin Core and Square Up Europe Ltd. Although details remained unclear, BitMEX Research notes Wright cannot reassert his claim to be Satoshi Nakamoto due to an earlier injunction.

Bitcoin SV Price Soars Amid Community Backlash

Bitcoin SV price today soared more than 3% today and exchanged hands at $51.23 today, while its trading volume fell 25% to $38.33 million. Notably, the crypto has touched a high and low of $51.91 and $49.31 in the last 24 hours. Besides, BSV Futures Open Interest rose nearly 5% to $22.21 million, CoinGlass data showed.

Meanwhile, Craig Wright’s legal actions have been met with sharp criticism. For instance, Hodlonaut, a prominent figure in the crypto community, expressed disbelief over the new lawsuit. It’s worth noting that Hodlonaut has previously won a defamation case against Wright.

In a statement, Hodlonaut mockingly suggested that the Australian scientist might be using ChatGPT to craft his legal claims, further accusing him of pursuing “delusional legal antics.” This skepticism reflects the broader sentiment in the crypto community, where Wright’s claims have often been dismissed as baseless.

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Rupam Roy

Rupam is a seasoned professional with three years of experience in the financial market, where he has developed a reputation as a meticulous research analyst and insightful journalist. He thrives on exploring the dynamic nuances of the financial landscape. Currently serving as a sub-editor at Coingape, Rupam’s expertise extends beyond conventional boundaries. His role involves breaking stories, analyzing AI-related developments, providing real-time updates on the crypto market, and presenting insightful economic news.
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