00:00 It's Benzinga and here's what's on the block.
00:02 A UK judge ruled that Australian computer scientist Craig Wright, known by the pseudonym
00:07 Satoshi Nakamoto, lied about being the inventor of Bitcoin.
00:11 Judge James Mellor of the London High Court concluded that Wright had forged documents
00:15 and lied in court to support his claim of creating Bitcoin.
00:18 The case was brought by the Crypto Open Patent Alliance to prevent Wright from suing Bitcoin
00:22 developers through bogus intellectual property claims.
00:25 Wright first announced that he was Satoshi Nakamoto in 2016, providing cryptographic
00:30 signatures to prove his identity.
00:32 However, cryptocurrency experts grew skeptical of his claims over time, especially after
00:36 a 2019 court ruling.
00:38 For all things money, visit Benzinga.com.
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