Craig Wright's Tulip Trading Must Prove Ownership of Bitcoin in Hacking Case, English Court Rules
Summary
Tulip Trading, a company owned by Craig Wright, who alleges to be Bitcoin creator Satoshi Nakamoto, is required to establish ownership of 110,000 bitcoins in a lawsuit against a group of bitcoin developers. Previously, the developers refused to assist Tulip Trading in recovering the bitcoins reportedly lost in a hack. The case, initially dismissed in March 2022, was re-instated on appeal. The upcoming 15-day trial will also investigate the legitimacy of the alleged hack and whether Tulip Trading lost the private keys controlling the bitcoins. The Bitcoin Legal Defense Fund, funded by several actors including Twitter founder Jack Dorsey, has posted a pertinent High Court of England and Wales order on its website.
