Mt. Gox Victims Can Now Sue Craig Wright for their Losses

Craig Wright, the self-proclaimed Satoshi Nakamoto — the pseudonymous creator of Bitcoin is now claiming that he was the hacker of bitcoin exchange Mt. Gox in 2011, which resulted in the loss of 79,956 BTC, today worth over $750 million.

A letter sent by Wright’s law firm SCA Ontier to Blockstream on June 12, 2020, alleges that he has control over the two mentioned bitcoin addresses. One of them is the one that received the stolen BTC from Mt.Gox.

“Just so we're clear, Craig Wright has just openly admitted (via his lawyers) to be the guy that stole 80k BTC from Mtgox. The screenshots below show the court documents indicating the “1Feex” address is where the stolen Mtgox funds were sent,” said Monero developer Riccardo Spagni.

Mt. Gox CEO Mark Karpeles also confirmed this. Recently, Japan's high court upheld a lower court’s decision that he was guilty of manipulating electronic data in this hack but not embezzlement which he called “unfortunate.”

“The 1Feex address contains ~80k BTC stolen from MtGox in March 2011. Craig Wright is claiming to have been in control of this address until recently, admitting legal liability for damages and interest?” said Kareples.

The bitcoin address contains 79,956.55 BTC which are currently unspent. This is not even the first time that Craig tried to claim the Mt.Gox hack addresses as his own. Back in 2018, bitcoin security firm Wizsec debunked it in its report “Kleiman v Craig Wright: The bitcoins that never were.”

According to Wright's lawyer’s letter, the encrypted file and related information of these addresses were stolen during a hack on Wright’s computer in February 2020.

And they want Blockstream “responsible for the Bitcoin Core blockchain” to do something about it because they “have duties in relation to transactions on that blockchain in circumstances where you have notice of the interests involved, including in particular avoiding illegitimate transactions being entered on the blockchain.”

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