Craig Wright’s Tulip Trading Case Revived, Gavin Andresen: Mistake to Trust
• The U.K. Court of Appeal overturned a March 2022 dismissal in the case of Craig Wright’s Tulip Trading Limited (TTL) vs. 16 cryptocurrency developers, allowing it to proceed to trial.
• Former Bitcoin core developer Gavin Andresen revised a 2016 blog post, insisting that it was a „mistake to trust Craig Wright as much as I did.“
• Andresen now refuses to play the „who is Satoshi“ game anymore and wants to leave his original post up as an acknowledgement of his mistake.
Court of Appeal Overturns Dismissal in Tulip Trading Case
The United Kingdom Court of Appeal overturned a High Court decision from March 2022 in the case of Craig Wright’s Tulip Trading Limited (TTL) vs. 16 cryptocurrency developers, allowing the case to proceed to trial. TTL is seeking roughly $3 billion in alleged stolen digital assets and asserts that fiduciary and tortious duties require open-source blockchain developers to encode a digital asset recovery tool. Meanwhile, the Bitcoinsv (BSV) network has already implemented a digital asset recovery tool on its chain.
Gavin Andresen Revises 2016 Blog Post
After winning the appeal, former Bitcoin core developer Gavin Andresen revised a blog post he wrote in May 2016 which detailed his meeting with Craig Wright and claimed that he believed him to be Satoshi Nakamoto. In his updated post, Andresen acknowledges that trusting Wright was mistake and insists he will no longer play the „who is Satoshi“ game anymore.
Craig Wright ‚Delighted‘ With Decision
Craig Wright expressed delight after winning the appeals motion, stating that permission had been granted for TTL pursue its claim for breach of fiduciary duties and/or duty of care against the developers of blockchain linked digital assets including bitcoin.
Andresen Refuses To Play ‚Who Is Satoshi‘ Game
In light of recent events surrounding Craig Wright, Andresen chose not rewrite history but instead acknowledged his mistake in trusting Craig and stated he will no longer take part in playing “who is Satoshi” game anymore.
Implications Of The Case
If successful at trial, this case could have implications for open-source blockchain developers who may be held liable for coding certain tools into their networks or who may be put under pressure by claimants like TLS seeking damages related to stolen digital assets on their networks.