Bitcoin Legal Defense Fund Supports Lawsuit Against Craig Wright
According to reports, the Bitcoin Legal Defense Fund (BLDF), supported by Jack Dorsey, the CEO of Block (formerly Square), supports core developers to file a lawsuit against Craig
According to reports, the Bitcoin Legal Defense Fund (BLDF), supported by Jack Dorsey, the CEO of Block (formerly Square), supports core developers to file a lawsuit against Craig Wright. Jessica Jonas, the chief legal officer of the Bitcoin Legal Defense Fund, stated that the Bitcoin Legal Defense Fund came forward to defend the rights of free and open source software. （decrypt.co）
Bitcoin Legal Defense Fund is supporting core developers to file a lawsuit against Aoben Cong
Bitcoin Legal Defense Fund (BLDF), backed by Jack Dorsey, CEO of Block (formerly Square), is supporting core developers to file a lawsuit against Craig Wright. Jessica Jonas, the chief legal officer of BLDF, stated that the organization is defending the rights of free and open source software. In this article, we will explore the details of the lawsuit, the involvement of BLDF, and the potential impact on the cryptocurrency industry.
Background of the Lawsuit
Craig Wright, an Australian businessman, has claimed to be Satoshi Nakamoto, the creator of Bitcoin. However, his claim has been challenged by the crypto community, and Wright has faced multiple legal battles to prove his claim.
The latest lawsuit against Wright was filed by Ira Kleiman, brother of the late Dave Kleiman, who was a computer forensics expert. Kleiman’s estate has alleged that Wright stole millions of dollars worth of Bitcoin from Dave Kleiman’s estate. Wright has denied the allegations and claimed that he and Kleiman were business partners.
The lawsuit has been ongoing for years, with Wright facing contempt charges from the judge for failing to provide a list of his Bitcoin holdings. In June 2021, the court ordered Wright to pay Kleiman’s estate 50% of the Bitcoin mined before 2014.
BLDF’s Support for Core Developers
BLDF, a non-profit organization, was founded to defend the rights of individuals and organizations working on free and open source software. The organization has supported several legal battles related to the cryptocurrency industry, including the defense of Ross Ulbricht, the founder of Silk Road.
In the Craig Wright case, BLDF has supported the core developers who maintain the software protocol of Bitcoin. The developers have faced legal threats from Wright’s team, who have claimed ownership of the protocol and the Bitcoin whitepaper. BLDF has provided legal and financial support to the developers to fight Wright’s claims.
The Impact on the Cryptocurrency Industry
The lawsuit against Craig Wright has significant implications for the cryptocurrency industry. Wright’s claim to be Satoshi Nakamoto has been a controversial issue that has divided the community. If the court rules in favor of Kleiman’s estate, it would disprove Wright’s claim and bring clarity to the identity of Bitcoin’s creator.
Furthermore, the defense of core developers by BLDF sets a precedent for the protection of free and open source software. The cryptocurrency industry heavily relies on such software, and legal threats against the developers could stifle innovation and progress.
Conclusion
The lawsuit against Craig Wright by Ira Kleiman’s estate has been ongoing for years, challenging Wright’s claim to be Satoshi Nakamoto. BLDF, a non-profit organization supported by Jack Dorsey, has provided legal and financial support to the core developers of Bitcoin to defend against Wright’s claims. The lawsuit has significant implications for the cryptocurrency industry, including the potential disprove of Wright’s claim and the protection of free and open source software.
FAQs
**1. What is the Bitcoin Legal Defense Fund?**
Bitcoin Legal Defense Fund (BLDF) is a non-profit organization that defends the rights of individuals and organizations working on free and open source software in the cryptocurrency industry.
**2. What is the Craig Wright lawsuit about?**
The lawsuit was filed by Ira Kleiman, who alleged that Craig Wright stole millions of dollars worth of Bitcoin from the estate of his brother, Dave Kleiman. Wright has denied the allegations and claimed that he and Kleiman were business partners.
**3. What is the potential impact of the lawsuit on the cryptocurrency industry?**
The lawsuit could disprove Craig Wright’s claim to be Satoshi Nakamoto, bringing clarity to the identity of Bitcoin’s creator. Additionally, the defense of core developers by BLDF sets a precedent for the protection of free and open source software in the industry.
This article and pictures are from the Internet and do not represent Fpips's position. If you infringe, please contact us to delete:https://www.fpips.com/21418/
It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.
Recommended articles
-
Solana Loan Agreement Solend will launch the first phase of V2 next week
On April 9th, it was announced that Solana Loan Agreement Solend will launch the first phase of V2 next week. On April 10, Solend smart contract will update three new functions: lo
-
Bifrost Announces Launch of vETH 2.0 Protocol
On April 6th, it was announced that the full chain LSD protocol Bifrost announced the launch of vETH 2.0 version. The core function of this upgrade is compatible with the Shanghai
-
Asia’s Impact on Bitcoin: What Happens When Asia Wakes Up?
According to reports, cryptocurrency analyst Joseph Young said on social media that Asia has not driven a rebound in Bitcoin. Trading volume between South Korea and China is very l
-
Distributed Server of OkCatOfficial Project Under Attack
According to the news, according to CertiK monitoring, the distributed server of OkCatOfficial project was attacked. Please community users do not click any li…
-
Bitfinex Announces Start of Final LUNA2 Airdrop Distribution
On April 4th, according to an official announcement, Bitfinex announced that the remaining 70% of Terra Luna (LUNA2) airdrop distribution had begun. Previously, on May 26, 2022 and
-
The Future of Cryptocurrency: Are State-Issued Digital Currencies the Next Big Thing?
According to reports, Bitcoin News reported on social media that Texas Senators Mark Dorazio and Bryan Hughes have proposed a new bill aimed at creating a digital currency issued b
-
“Internet Plus+ Healthcare”: A Vision for the Future of Medical Technology
On March 23, it was reported that the Office of the Central Committee and the Office of the State Council: develop \”Internet plus+health care\”, build an industrial Internet platfor
-
BTC Supply Volume Reaches a 21-Month Low in the Last Active 6 to 12 Months
It is reported that the supply volume of BTC in the last active 6 to 12 months reached 1688273.642 BTC in the past hour (1d MA), a 21-month low.
BTC\’s last active supply for 6-12 m -
Hong Kong Web3 Carnival 2023: Memorandum of Hangzhou Hong Kong Web3 Industry Linkage
On April 12, it was reported that at the 2023 Hong Kong Web3 Carnival, Ms. Kong Dejun, Deputy District Chief of the Shangcheng District People\’s Government of Hangzhou, and Mr. Li
-
ConsenSys has opened the Ethereum Shanghai upgrade commemorative NFT public version casting window, which will last for 72 hours
On April 13th, it was announced that ConsenSys has now opened the Ethereum Shanghai upgrade commemorative NFT series \”Ethereum, Evolved: Shanghai\” public version casting, and the c
-
What does coinsafe mean in Chinese
coinsafe What does it mean in Chinese? According to Coindesk, investors suffered heavy losses in the Cryptocurrency bear market from December 2017 to 2018. Although the market has always been uncertain about how to invest (including whether external funds are needed) and where to obtain returns, there are still many people complaining and confused. CoinSafe began operating in early 2019; However, now the project has closed all services and suspended all transactions, and there is still nothing to buy or sell. So, what does Coinsafe mean in Chinese and what does it mean To put it simply, coinSAFE is a digital asset management platform based on the Ethereum blockchain; CoinSafe is operated by a company focused on the encryption industry In English, Cousins means “contracts” or “contracts”. Its definition is: a contract is an agreement. It can be considered as a specific set of programs (such as email, social media) to share the content or information of the protocol with…
-
Hut 8 Mining’s Bitcoin Production and Sales Strategy
It is reported that Hut 8 Mining, a Bitcoin mining enterprise, produced 156 Bitcoins in February, and 188 Bitcoins produced in January have been sold in Februa…
-
The founder of Cool Cats announced his departure from the NFT project
According to reports, @ Lynqoid, the founder of Cool Cats, announced on social media that he will no longer work for the project, but will continue to stay on the board and follow
-
Taiwanese Singer Huang Licheng’s Use of ETH and BAYCs Causes Stir in Crypto Community
It is reported that @ BitcoinEmber, an online analyst, tweeted that Huang Licheng, a singer from Taiwan, China, used up the ETH stored in Blur yesterday after …
-
PeckShield: About $1.27 million ARB was stolen from 0xbd4E address 9 hours ago
On March 31, PeckShield monitoring showed that nine hours ago, an attacker with an address beginning with 0xbd4E stole 93.3375 ARBs, exchanged them for 713 ETHs (approximately $1.2
-
Decline in US Bank Deposits and Its Impact on the Economy
According to reports, in the week before the collapse of three banks triggered global financial turmoil, deposits in the US banking industry had continued to decline. According to data released by the Federal Reserve on Friday, bank deposits decreased by $54.4 billion to $17.6 trillion in the week ended March 8. Deposits have fallen by about $500 billion from the peak set in April last year, exacerbating the pressure on the financial system. After the collapse of Silicon Valley banks and two other banks, the Federal Reserve’s weekly report on the funding situation of the US banking industry suddenly became a key data point for the market and economy. Some people worry that moving depositors’ deposits or seeking higher yield products may cause more banks to fall into trouble. Another worrying issue is that banks will tighten their lending standards while improving their financial situation, which will curb the momentum of economic growth. There have been signs of slowing credit…