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Faketoshi Sentenced: Craig Wright Gets Suspended Prison Term for False Satoshi Claims

Self-proclaimed Bitcoin creator Craig Wright, aka Faketoshi, has been given a 1-year suspended jail sentence by UK courts for repeatedly claiming to be Satoshi Nakamoto despite court orders to cease. Is this the end of Wright's legal saga or will he appeal the...

The long-running legal saga of Australian computer scientist Craig Wright and his repeated claims of being Bitcoin creator Satoshi Nakamoto may have reached a conclusion, as UK courts have sentenced the self-proclaimed “Faketoshi” to a suspended prison term for violating prior rulings.

Wright Defies Court Orders, Earns Jail Term

In a case brought by the Crypto Open Patent Alliance (COPA), UK courts had previously rejected Wright’s assertion of authoring the Bitcoin white paper and ordered him to cease further legal action on the matter. However, Wright ignored these rulings and continued filing lawsuits, leading to the suspended sentence handed down on Thursday.

Mr. Wright had “terrorized the people involved in the case” and made their lives “a living hell,” according to COPA’s lawyer Jonathan Hough KC. He characterized Wright’s latest lawsuit as a “publicity stunt to please his fans.”

– Jonathan Hough KC, COPA’s lawyer

One Year Suspended Sentence, Six-Figure Fine

The judge found Wright’s five counts of contempt proven “beyond reasonable doubt” and sentenced him to a 1-year prison term, suspended for two years, along with a £145,000 (roughly $175,000) fine. The court also struck down all of Wright’s claims and filings in the matter.

Wright himself was not physically present for the ruling, instead appearing via video link from an undisclosed Asian country, in violation of a court order to attend in person. He stated his intention to appeal the decision.

Faketoshi’s Endgame Unclear as Legal Losses Mount

With this latest ruling, Wright finds himself increasingly at odds with both the UK justice system and the broader cryptocurrency community over his unsubstantiated claims of being Satoshi Nakamoto. Some observers speculate he may choose to never return to the UK to avoid facing further legal consequences.

  • Wright has faced multiple legal losses over his Satoshi Nakamoto claims
  • Courts have ruled definitively that he did not author the Bitcoin white paper
  • Many in the crypto community refer to Wright as “Faketoshi”

As the consequences for his false assertions pile up, it remains to be seen whether Craig Wright will continue his quixotic quest to be recognized as Bitcoin’s founder or if this suspended jail sentence will finally put an end to the years-long “Faketoshi” saga. The crypto community will be watching closely to see what Wright’s next move in this legal chess match will be.

Key Takeaways

  • UK courts sentence Craig Wright to 1-year suspended prison term for claiming to be Bitcoin creator Satoshi Nakamoto
  • Wright, known as “Faketoshi,” violated prior rulings ordering him to stop legal actions over authorship of Bitcoin white paper
  • Court also imposes £145,000 fine, strikes down Wright’s claims; he plans to appeal but future legal strategy uncertain

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