Bitcoin 'Inventor' Sues Exchanges For Misrepresentation

By Silvia Martelli (May 4, 2022, 3:33 PM BST) -- Craig Wright, self-styled inventor of Bitcoin, has sued two currency exchanges for allegedly misrepresenting that their digital asset is the same as the famous cryptocurrency — even though it does not conform to the protocol for the electronic cash system, his lawyers have said.

Craig Wright and two companies associated with him, Wright International Investments Ltd. and Wright International Investments UK Ltd., accused Coinbase and Kraken in two separate High Court claims, filed on April 29, of passing off Bitcoin Core, known as BTC, as Bitcoin.

Wright's attorney, Simon Cohen of Ontier LLP, said on Tuesday that he estimated that the...

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