© Reuters. '$1 Million Bitcoin' Samson Mow Slams 'Fake Satoshi' Craig Wright in Court Setback
U.Today – The UK Supreme Court recently refused Craig Wright permission to appeal a ruling in his defamation case against Peter McCormack, where he was awarded nominal compensation of £1. Wright had claimed to be Satoshi Nakamoto, the creator of, but the panel of judges dismissed his claims.
Wright subsequently pursued a different legal path, asserting ownership of Bitcoin-related intellectual property and filing lawsuits against the developers who maintained the open source code. Despite initial success in court, intervention by Twitter co-founder Jack Dorsey in October 2023 led to the rejection of Wright's intellectual property claims. Instead, the court allowed the developers to pursue allegations that Wright submitted falsified documents to support his lies.
Fortune's recent report reveals that Wright is now offering a settlement to the Crypto Open Patent Alliance, which represents the defendant's developers. Legal analysts speculate that this unexpected move indicates Wright's growing apprehension regarding allegations of forgery and the serious consequences of presenting false evidence in court.
Prominent Bitcoin evangelist Samson Mow commented on the development, stating: “Faketoshi rekt.” The term “Faketoshi” is used colloquially to refer to Wright due to his claims to be Satoshi Nakamoto, and “rekt” implies a setback or defeat.
As the developers reject Wright's settlement offer, the stage is set for a judicial investigation into the forgery allegations. The crypto community is watching closely as one of its most controversial figures faces the prospect of legal scrutiny for alleged dishonesty and intimidation tactics.
This article was originally published on U.Today.
