Craig Wright Loses High Court Bid to Defrost Frozen Assets

The High Court of the United Kingdom is freezing the assets of computer scientist and businessman Craig Wright

A court in the United Kingdom has frozen the assets of computer scientist and businessman Craig Wright, as per new legal documents.

The court issued a worldwide freezing order (WFO) at the behest of podcaster Peter McCormack, with the aim of recouping his legal fees incurred when Wright sued him for defamation.

McCormack, who boasts 543,000 followers on the social media platform X, stated that the order has frozen around 1.54 million British pounds ($1.9 million) of Wright’s assets, which could help him recoup his legal fees.

In his ruling, Justice James Mellor noted,

“Wright was using the law of defamation … to silence anyone who dared to contend that Dr. Wright was not Satoshi or to question his claim… I was entirely satisfied that Mr. McCormack has a good arguable case (indeed a very strong case) for recovery of costs in the sum of £1.548 million.”

For years, Wright has claimed to be Satoshi Nakamoto. However, a judge ruled in March that there was overwhelming evidence that Wright is not, in fact, Satoshi, nor is he the author of the Bitcoin (BTC) white paper, which serves as the original thesis behind the digital asset.

After McCormack, the host of the What Bitcoin Did podcast, called Wright a “fraud” while challenging the computer scientist’s claim that he was the pseudonymous Bitcoin creator Satoshi Nakamoto, Wright went on to sue McCormack for libel.

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