Bitcoin developers filed legal issue against self-proclaimed BTC creator Craig Wright
Bitcoin developers responded to a lawsuit initiated by self -proclaimed Bitcoin creator Craig Wright, often mocked with the nickname “faketoshi.” On Aug. 21, Bitcoin Legal Defense Fund (BLDF) filed a preliminary issue application with the UK High Court against Wright’s firm Tulip Trading. The firm in question sued 12 Bitcoin developers in an attempt to force them to introduce a backdoor in the Bitcoin software to give it access to 111,000 BTC — or nearly $2,9 billion — that it claims to have lost in a hack. BDLF is a non-profit foundation reportedly supporting Bitcoin developers and protecting the Bitcoin (BTC) ecosystem by providing legal defense counsel, crafting litigation strategies, and paying legal bills. The organization’s first action was coordinating the defense of a dozen Bitcoin developers sued by Wright’s Tulip Trading Ltd. The foundation includes Twitter (now X) and Block founder Jack Dorsey among its ranks. Wright’s company ins...