Bitcoin developers face £3.5 billion legal action from currency's inventor

News Team, 25/02/2021

Litigation law firm Ontier has launched legal proceedings against a number of Bitcoin developers on behalf of Tulip Trading Limited (TTL), a Seychelles company whose primary beneficial owner is Dr Craig Wright. 

Dr Wright is the inventor of Bitcoin who set out his vision for the digital currency in his famous White Paper under the pseudonym Satoshi Nakamoto.

The defendants in this action are the developers for BTC, BCH, BCH ABC and BSV. Ontier said that the action will, for the first time, “examine the nature and extent of legal duties conferred upon and owed by developers resulting from the control they exercise...

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