Craig Wright Apparently in No Hurry to Pay $60K for Failed Suit

Published at: Aug. 13, 2020

Craig Wright, a self-proclaimed creator of Bitcoin (BTC), is reportedly ignoring a court ruling that requires him to pay legal fees for a libel suit against Twitter crypto persona Hodlonaut.

According to Hodlonaut, a court in Norway ruled that Wright should pay $60,000 in legal costs for the failed libel suit in early June 2020.

In an Aug. 13 tweet, Hodlonaut said that the fees should have been paid out by Wright within two weeks after the judgement on June 8. However, the self-proclaimed Satoshi Nakamoto “has not paid a cent” in more than two months after the judgement, Hodlonaut claims.

Judge ruled that CSW pays my cost of $60,000 within two weeks from the June 8th judgment.More than two months later, he has not paid a cent. Color me surprised. 🤷‍♂️ https://t.co/sIUDpPW8EW

— hodlonaut 🌮⚡🔑 (@hodlonaut) August 13, 2020

Wright did not immediately respond to Cointelegraph's request for comment. This article will be  updated pending any new information.

The libel suit against Hodlonaut is one of a series of similar lawsuits Wright had initiated against major crypto personas like Ethereum co-founder Vitalik Buterin, early Bitcoin investor Roger Ver, and podcaster Peter McCormack

Filed over the course of 2019, the suits sought to deny claims that Wright was lying about being the true creator of Bitcoin. None of these suits have turned out to be successful and Wright has abandoned several

Alongside multiple libel suits, Wright is the center of the long-running legal battle initiated by the estate of his former partner, Dave Kleiman. In this case, Wright has to prove his access to 1.1 million bitcoins that he allegedly mined together with Kleiman in early days of Bitcoin.

Yesterday, Calvin Ayre, one of the most high-profile supporters of the self-proclaimed Satoshi Nakamoto, announced that he is funding a new documentary and book about the life of Wright.

Tags
Related Posts
Craig Wright wins default judgment, Bitcoin.org must remove Bitcoin white paper
Self-proclaimed Satoshi Nakamoto and Bitcoin SV proponent Craig Wright has won a legal battle claiming copyright infringement on the part of Bitcoin.org for hosting the Bitcoin white paper. Wright won by default after the website’s pseudonymous owner, “Cøbra,” chose not to mount a defense. Bitcoin.org must now remove the white paper and display a notice referring to the judgment and cough up at least 35,000 British pounds ($48,600) to cover Wright’s legal costs. Cøbra responded to the ruling on Twitter: I don't think you could get a better advertisement of *why* Bitcoin is necessary than what happened today. Rules enforced …
Copyrights / June 29, 2021
Fraudsters are switching from credit cards to Bitcoin, says consumer protection company
Fraudsters are taking advantage of the irreversible nature of crypto transactions, says MyChargeBack’s vice president of global operations, Michael Cohen. When Bitcoin (BTC) was first envisioned, one of its selling points was the fact that it was offering better protection to retailers than credit cards. In one of his earliest emails — from November 10, 2008, Satoshi Nakamoto parried a complaint from an early adopter James A. Donald, who lamented the fact that Bitcoin transactions are not instantaneously final: “Instantant non-repudiability is not a feature, but it's still much faster than existing systems. Paper cheques can bounce up to a …
Bitcoin / Oct. 5, 2020
Craig Wright Won't Need to Pay Hodlnaut $60K Until Appeal Is Over, Says Counsel
Craig Wright, a self-proclaimed Bitcoin (BTC) creator, is apparently not required to pay legal fees for a failed libel suit against the Twitter crypto enthusiast known as Hodlonaut. In an Aug. 14 email to Cointelegraph, Wright’s legal representative argued that he is not obliged to pay legal costs in the defamation suit until the Norwegian Supreme Court considers an appeal. The spokesperson said, “Craig has appealed to the Norwegian Supreme Court. Craig’s Norwegian lawyers say that there is no obligation on Craig to pay the costs until that appeal is dealt with.” The new comments come in response to Hodlonaut …
Bitcoin / Aug. 14, 2020
Craig Wright’s Satoshi Case Goes to Trial July 6
Lawyers representing both sides confirmed to Cointelegraph that they expect the trial to convene on July 6. The case that has been captivating the crypto community for several years now may finally receive a resolution. On May 1, Judge Bloom, who presides over the case, issued a court order for the trial to begin on July 6. More importantly, the lawyers representing both sides confirmed that they are not planning to file any motions that could delay the trial and are eagerly looking to the opportunity to prove their case in court. The war of words between legal teams Dr. …
Bitcoin / May 4, 2020
Judge Rules Craig Wright Must Only Pay 20% of Kleiman's Attorney Fees
United States Magistrate Judge Bruce Reinhart has ruled that the self-proclaimed Satoshi Nakamoto, Craig Wright, must pay only 20% of the legal fees requested by the estate of the late-Dave Kleiman. According to March 16 court documents, the attorneys representing Dave’s brother Ira requested a total of $592,558 for legal fees for hourly rates of between $610 and $1,050, and roughly $66,000 in other expenses. Kleiman estate requested nearly $660,000 in fees and expenses Court documents show that Judge Reinhart found the quoted rates to be excessive, stating, “I am personally familiar with the hourly rates charged by the top …
Bitcoin / March 18, 2020