Craig Wright Sues Coinbase Over ‘Fake’ Bitcoin (BTC) Sale


Craig Wright, the Australian computer scientist who claims to be the BTC/USD maker of Bitcoin, is now suing major cryptocurrency exchanges Kraken and Coinbase Global Inc COIN.

What Happened: According to an intellectual property claim released Friday by ONTIER LLP, Wright alleges that Kraken and Coinbase “misrepresents” BTC as Bitcoin Core, when in fact it is a software implementation created in 2017 that is unrelated of the original system.

“The only digital asset that remains faithful to the original Bitcoin protocol is ‘Bitcoin Satoshi Vision’ BSV/USD, the software implementation of the original Bitcoin protocol,” stated ONTIER on behalf of Wright.

See Also: Craig Wright Founded Bitcoin Spinoff Suffers 51% Attack: What You Need to Know

The claim went on to state that this misrepresentation has led to confusion among traders about the authenticity of assets they have bought and sold on these platforms.

Wright wants a ban that prevents Coinbase and Kraken from promoting BTC as Bitcoin through miswording and the use of the Bitcoin sign.

ONTIER expects these claims to likely be worth “several hundreds of billions of pounds” after the court exposes the full account of the crypto exchanges’ profits named in the lawsuit.

Wright first claimed to be Satoshi Nakamoto, the pseudonymous creator of Bitcoin, in 2016. Despite a number of copyright infringement lawsuits that have ruled in his favor over the years, Wright has failed to control the majority of Bitcoin. community that he is Nakamoto.

Read next: HOW TO BUY BITCOIN SV (BSV)

Price Action: According to data from Benzinga Pro, BTC was trading at $37,880, down 1.57% over 24 hours. BSV was trading at $72.81, down 1.48% over the same period.


This post Craig Wright Sues Coinbase Over ‘Fake’ Bitcoin (BTC) Sale was original published at “https://www.benzinga.com/markets/cryptocurrency/22/05/26981993/self-proclaimed-satoshi-nakamoto-sues-coinbase-and-kraken-for-selling-bitcoin-heres-why”

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