Craig Wright, who claims to have invented bitcoin, was sentenced to a year in prison for contempt of court. This sentence is suspended for two years, meaning he could avoid jail by staying out of countries with extradition agreements with the UK. Wright filed a $1.1 trillion lawsuit against Jack Dorsey’s Block and numerous bitcoin developers, alleging intellectual property rights. However, a UK judge ruled that Wright is not Satoshi Nakamoto and his evidence was fabricated. Despite court orders to stop claiming he invented bitcoin, Wright continued legal actions, leading to the contempt charge. He skipped a court hearing, claiming high travel costs, which the judge deemed an excuse. Wright appeared via video from Asia, where he remains to avoid potential arrest. The judge dismissed Wright’s arguments as “legal nonsense” and found his latest lawsuit violated previous court orders.
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