Craig Wright Initiates New Lawsuit Against Bitcoin Core Developers, Seeks $1B in Damages

Craig Wright has initiated a new lawsuit against Bitcoin Core developers, according to an Oct. 15 filing submitted to the Chancery Division of the High Court

Craig Wright, who has been embroiled in a legal battle over his claim to be Bitcoin's creator, has filed a new lawsuit against Bitcoin Core developers.

According to a recent filing with the Chancery Division of the High Court in London on Oct. 15, Wright is suing over recent protocol changes to BTC that he alleges have financially harmed him.

The case centers on protocol modifications introduced through Taproot and Segregated Witness (SegWit), which Wright claims have misled the public into believing that Bitcoin maintains its original attributes.

“These changes have caused confusion in the market and have compromised the vision of the original Bitcoin protocol,” Wright stated.

The self-proclaimed Satoshi Nakamoto is seeking compensation based on the value difference between Bitcoin (BTC) and Bitcoin Satoshi’s Vision (BSV), which he claims is the true continuation of Bitcoin.

As of Oct. 10, BTC trades at $62,000, while BSV is valued at $65. Wright's lawsuit aims to claim $1.18 billion in damages, arguing that Bitcoin Core's upgrades have hindered his version of the flagship crypto.

This latest lawsuit adds to Wright's string of legal disputes, many of which revolve around his claim to being Bitcoin's pseudonymous creator.

Despite previous rulings against him, Wright continues to pursue legal challenges, this time representing himself in court.

His efforts to prove his claim as Satoshi have been met with skepticism, with multiple courts ruling against his assertions in recent years.

Some of his previous court losses include being unable to cryptographically prove that he holds the private keys associated with Bitcoin’s genesis block in 2022, which is a critical element in verifying Satoshi Nakamoto’s identity.

Another occurred in 2023 when a court ruled that he had no legitimate claim to the Bitcoin whitepaper, and the latest was earlier this year when a UK court ruled that he was not the Bitcoin creator and ordered him to stop pursuing further lawsuits related to his identity as Satoshi.

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