In total, Craig Wright must pay 400,000 British pounds ($516,000) in damages. However, Judge James Mellor is unsure whether Wright will be able to pay the legal fees, given previous inconsistent statements about his financial situation.
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“The evidence does not convince me that Wright or his investment company has the liquid assets to cover potentially significant legal fees,” Mellor said.
Wright has previously claimed that he owns the term “Bitcoin” and that cryptocurrency exchanges Coinbase and Kraken, by allowing trading of BTC and BCH, are damaging the brand of rival cryptocurrency Bitcoin Satoshi Vision (BSV).
In February, the outcome of a lawsuit where Wright lost a case involving alleged infringement of his copyright on a digital asset became known. However, the entrepreneur continues to insist that he is the author of the Bitcoin White Paper, and therefore the very same anonymous developer of Satoshi Nakamoto.
A Kraken spokesperson told CoinDesk that the decision “is an important victory in defending against Wright’s claims of control over Bitcoin.”
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“Satoshi didn’t want Bitcoin to be controlled by one person, so he released open source software for the benefit of the world,” a spokesperson for the exchange said.
Craig Wright likes to remind himself in the media space. He recently claimed that Apple Corporation is infringing his copyright on the master document of the first cryptocurrency. Then a PDF file of the original Bitcoin White Paper was discovered in the bowels of the macOS operating system.