COPA Demands Craig Wright Pay 85% of Legal Fees for Losing Bitcoin Lawsuit

COPA Demands Craig Wright Pay 85% of Legal Fees for Losing Bitcoin Lawsuit

Crypto Patent Alliance COPA Demands 'Bitcoin Creator' Craig Wright Pay 85% of Legal Fees The legal representatives of the Crypto Open Patent Alliance (COPA) have requested that the judge overseeing the alliance's lawsuit against self-proclaimed Bitcoin creator Craig Wright order Wright to pay 85% of the costs incurred during the legal proceedings. The U.K. court ruled in COPA's favor in March, finding that Wright is not the creator of Bitcoin and did not author the Bitcoin whitepaper. COPA argues that unless Wright is made to pay the legal fees, "he will continue to assert that he is the creator of Bitcoin." Wright's legal team has requested that the amount be reduced to 70%. The legal battle between COPA and Wright has been ongoing for several years. COPA filed the lawsuit in 2019, accusing Wright of fraud and misrepresentation. Wright has denied the allegations and has maintained that he is the creator of Bitcoin. The outcome of the lawsuit could have a significant impact on the future of Bitcoin and other cryptocurrencies. If Wright is found to be the creator of Bitcoin, he could potentially claim ownership of the cryptocurrency and its underlying technology. However, if COPA is successful in its lawsuit, it could prevent Wright from making such claims.