Craig Wright has launched a new legal battle, this time targeting Bitcoin Core developers, in a lawsuit demanding a colossal $1.18 billion. Wright, who has long claimed to be Satoshi Nakamoto—the mysterious creator of Bitcoin—alleges that Bitcoin Core has misrepresented Bitcoin’s original design, misleading investors in the process.

Massive Damages Claim

In his lawsuit, filed in the London High Court’s Chancery Division, Wright seeks £911 billion ($1.18 billion). This figure, he argues, represents the market valuation gap between Bitcoin (BTC), trading at around $62,000, and Bitcoin SV (BSV), valued at approximately $65. According to Wright, BSV is the true version of Bitcoin that adheres to Satoshi Nakamoto’s vision, and the misleading updates to Bitcoin Core have damaged BSV’s value.

SegWit and Taproot in the Crosshairs

Wright criticises the introduction of updates such as SegWit and Taproot, which he claims have distorted Bitcoin’s intended design. He asserts that these modifications have led to investor confusion over Bitcoin’s core attributes, resulting in the wider gap in valuation between BTC and BSV.

Wright’s legal crusades are not new. The UK High Court previously dismissed his claims of being Satoshi Nakamoto, calling them unfounded. In addition, prominent figures in the cryptocurrency world, such as Hodlonaut—who won a defamation case against Wright in Norway—have voiced scepticism over his latest claims, with many describing them as another attempt to seize control of Bitcoin’s narrative.

Community Response

The crypto community largely views Wright’s lawsuit as another desperate move to bolster his authority over Bitcoin. The Coalition of Bitcoin Developers (COPA) has expressed confidence that the lawsuit will fail, following a series of previous unsuccessful legal attempts by Wright to establish himself as Bitcoin’s creator.

As Wright’s latest case unfolds, the battle over Bitcoin’s true legacy continues to divide the cryptocurrency space.