The group alleged in a new legal filing that Wright's company Tulip Trading never owned the more than 100,000 bitcoin it sought to reclaim with their help.
Lawyers for 12 developers told the UK High Court that the company, Tulip Trading, never owned the 111,000 bitcoin it is trying to claim. The company, the developers allege, has “fabricated” documents to prove ownership of the tokens and fraudulently gain control over the funds. The Bitcoin Legal Defense Fund, an organization funded by Twitter , Bluesky and Block founder Jack Dorsey and others, shared the filing.
Tulip Trading “never owned the digital assets and has commenced this claim fraudulently and in reliance on fabricated documents,"the developers’ lawyers said in a statement. “Dr. Wright has a long history of fraud, forgery, and dishonesty … [and is using] the English courts as an instrument of fraud.”
There is no evidence that Wright or his company ever owned either wallet that held the bitcoin in question, they alleged. The allegations come after Wright, who alleges he is bitcoin creator Satoshi Nakamoto, sued the developers in 2021 for refusing to build a backdoor mechanism in a bitcoin-based software that would enable Tulip Trading to seize control of the crypto it claims to have owned and lost. According to Wright's lawyers, the developers failed in their “fiduciary duty” by refusing to help Tulip Trading.Wright has a long history of litigating disagreements. Last month, a U.K.
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