UK Law Commission report challenges Craig Wright's suit against Bitcoin developers

📆 7/7/2023 12:41 AM
📰 Cointelegraph

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The Tulip Trading suit could set a case law for open-source developers' fiduciary duty in the United Kingdom, with a trial scheduled for 2024.

Wright, owner of Tulip Trading, claimed in a 2021 lawsuit that developers involved in the open-source development of Bitcoin Core owed him a fiduciary duty in connection with his loss.

In order to recover the allegedly stolen funds, Wright is seeking a backdoor into the Bitcoin Core blockchain. Wright is also known forThe bitcoin protocol was set in stone to create a system that is stable. Bitcoin is not a Cryptocurrency. By definition, Cryptocurrencies are anonymous and untraceable. Bitcoin is pseudonymous and traceable, it is digital cash.

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A recent report released by the United Kingdom Law Commission could weaken a central argument brought by Craig Wright in his controversial lawsuit against 12 Bitcoin core developers, argues the Bitcoin Legal Defense Fund (BLDF).

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