Developers Say Bitcoin 'Inventor' Is Penniless For £4B Row

By Christopher Crosby (November 25, 2021, 3:42 PM GMT) -- Developers have attempted to derail an attempt by Bitcoin's self-styled inventor to force them to help recover £4 billion ($5.3 billion) in cryptocurrency, telling a judge on Thursday that he could lack the assets to cover their legal costs.

Counsel for more than a dozen Bitcoin developers told a High Court judge at a hearing that Craig Wright has failed to explain how he plans to pay for their legal costs if his attempt to force them to recover the cryptocurrency fails.

The application for security for legal costs comes after Wright's offshore holding company, Tulip Trading Ltd., sued the developers this...

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