Court Demands $516K Security from Craig Wright to Sue Kraken, Coinbase
Craig Wright, the self-proclaimed creator of Bitcoin [BTC], recently emerged in the news again. During the decline of numerous crypto projects and the 2022 market crash, Wright kept a relatively low profile. However, the limelight is now on him as James Mellor, a judge at the England and Wales High Court, ruled that Wright must provide 400,000 British pounds or $516,000 as security for legal expenses. This is in order to pursue his allegations against crypto exchanges Coinbase and Kraken. Back in 2022, Craig Wright filed a lawsuit against Coinbase and Kraken , blaming them for copyright infringement. The entrepreneur asserted that both exchanges, especially Payward, the operator of Kraken , violated his intellectual property rights by using the term ‘Bitcoin’. Also Read: Craig Wright , Self-Proclaimed Satoshi Nakamoto Has Sued Coinbase and Kraken for “Misrepresenting” Bitcoin Here’s why the Judge is doubtful of Craig Wrights’s financial ...