The claim alleges that the developers owe “fiduciary duties” and “duties in tort” to re-write or amend protocol code in order to give Wright access to 111,000 bitcoin (BTC) from two wallets whose private keys were allegedly stolen and subsequently erased in a hack. One of the wallets Wright claims to own, the 1Feex wallet, holds nearly 80,000 BTC associated with the hack of Mt. Gox – the Tokyo-based bitcoin exchange that went bankrupt after a series of hacks between 2011 and 2014. His ownership of those coins is, as such, contested.
Craig Wright's UK Case Against 16 Bitcoin Developers to Go to Full Trial
Written by Bankerage Published on February 3, 2023