UK Law Commission report challenges Craig Wright's suit against Bitcoin developers
A report published by the UK Law Commission bolsters Bitcoin core developers' defense that they are not liable for 111,000 BTC taken by hackers. A recent report released by the United Kingdom Law Commission could weaken a central argument brought by Craig Wright in his controversial lawsuit against 12 Bitcoin core developers , argues the Bitcoin Legal Defense Fund (BLDF). In a 300-page report on digital assets published in late June, the UK Law Commission — an independent body that reviews and recommends reforms to UK and Whales' laws — cited a classification of fiduciary duty that bolsters the developers' defense that they are not directly responsible for 111,000 Bitcoin (BTC) lost to hackers. Wright, owner of Tulip Trading, claimed in a 2021 lawsuit that developers involved in the open-source development of Bitcoin Core owed him a fiduciary duty in connection with his loss. In order to recover the allegedly stolen funds, Wright is seeking a backdoor into the Bitcoin Co...