The UK High Court has issued a Worldwide Freezing Order against Craig Wright, freezing £1.5 million of his assets in response to a defamation claim by Peter McCormack. The order aims to prevent Wright from dissipating his assets to avoid paying legal costs. Wright's fraudulent conduct during the defamation proceedings led to the court awarding only nominal damages. The court highlighted Wright's history of defaulting on payments and asset dissipation risks as reasons for the order. This legal action is part of a series involving Wright, who has faced lawsuits challenging his claim to be Satoshi Nakamoto. Additionally, Labour's proposal for a state-backed digital pound and warnings about a fake Phantom Wallet app causing financial losses are notable developments in the crypto world. Bitcoin's recent decline resulted in significant liquidations, with short-term holders bearing the brunt of losses. Read more AI-generated news on: https://app.chaingpt.org/news