Let it go! Craig Wright's assets frozen in new twist following Satoshi court case

THE Judge heading up the recent court case between Craig Wright and the Crypto Open Patent Alliance has tonight slapped a freezing order on the financial assets of the man who claimed to be the inventor of Bitcoin.

The 53-year-old Australian entrepreneur lost his legal battle earlier this month after spending years claiming to be Satoshi Nakamoto - the pseudonymous creator of the original cryptocurrency.

This evening, Judge James Mellor imposed an order to freeze $7.6 million of Wright's assets to prevent him from moving the funds offshore and avoiding the hefty court costs from the case.

The court found, on March 14, that he was not the author of the Bitcoin whitepaper and did not create its early software.

The move came about after Wright had sent a notification to Companies House of his intention to transfer his shares in RCJBR Holding to Singapore-based DeMorgan.

It is understood the Crypto Open Patent Alliance court costs amount to around $8.5m.

"Dr Wright has a history of default in relation to orders for the payment of money," Judge Mellor explained after making the order.

"COPA has a very powerful claim to be awarded a very substantial sum in costs. I consider there is a very real risk of dissipation."

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