The English Court of Appeal will hear Tulip Trading’s case on the legal duties owed by blockchain developers, granting permission to appeal the High Court’s decision to strike the case out for lack of jurisdiction.
The suit arises from a hack on Dr. Craig Wright’s home network in 2020 which saw the keys to a colossal amount of Bitcoin stolen from him.
Joshua Henslee recently released a video expressing his opinion concerning the U.K. court decision on Dr. Craig Wright’s claim that BTC developers are fiduciaries.
Dr. Craig Wright was in the same frustrating position as the countless other victims of digital asset theft: he knows exactly where his coins ‘sit’ on the blockchain yet is unable to access that property without the necessary private keys.
The source of funds is basically the question of who you are, where your funds come from, and why you have them—it is identity but focused on wealth.
The court heard the challenge earlier this month, where lawyers for the developers argued that the case fell outside the jurisdiction of the English courts.
The case is officially brought by Tulip Trading Limited, a company primarily owned by Dr Wright, and concerns the loss of more than 111,000 bitcoins from a hack on Dr Wright’s home network in 2020.
If past is indeed prologue, BSV users upset with Dr. Craig Wright’s ongoing legal actions need to think long and hard before forking the chain into the great unknown.
Satoshi is back and is stewarding Bitcoin again. This is not about pumping the price of Bitcoin SV to a reasonable level (which might happen in and by itself from now on), but bringing order into chaos.
Bitcoin Association Founding President Jimmy Nguyen interviewed U.S. Congressman Bill Foster for the latest Blockchain Policy Matters episode.
You may have bitcoins in your wallet or stored on an exchange, but that does not necessarily mean these bitcoins belong to you, Dr. Michael Wehrmann writes.
Dr. Craig Wright, through Tulip Trading Limited, has been granted permission to serve 11 Bitcoin developers out of jurisdiction in order to recover £3.5bn worth of Bitcoin stolen in a hack on Dr. Wright’s network in 2020.
