Craig Wright, the man who falsely claimed to have created Bitcoin, has officially been sentenced to one year in prison đïž after being found in contempt of court. This decision follows a $1.2 trillion lawsuit đž he filed against Jack Dorseyâs company, Block.$BTC
Wright rose to fame by proclaiming himself as Satoshi Nakamoto đ€, the anonymous creator of Bitcoin, and claiming he authored the famous 2008 white paper đ that established cryptocurrency. However, his claims have been widely discredited â.
This year, 2024, has been a groundbreaking year for Bitcoin đ, reaching six-figure valuations đ° and becoming the foundation for the first crypto-based ETF in the U.S. đșđž. Yet, the true identity of Bitcoinâs creator remains a mystery đ”ïž.
Jonathan Hough, the lawyer for Block, slammed Wrightâs lawsuit as âa desperate publicity stunt to keep his cultish supporters engagedâ đ. Now, Wright faces the consequences of his actionsâa year in prison âïž.
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