Hodlonaut vs. Craig Wright Case Kicks Off in Norway

Hodlonaut vs. Craig Wright Case Kicks Off in Norway


Hodlonaut, a pseudonymous Norwegian bitcoiner, and self-proclaimed bitcoin inventor Craig Wright have had their first day in a Norwegian court.

Magnus Granath (aka hodlonaut)  began tweeting that Wright was a fraud back in 2019, saying that he could not be the pseudonymous creator of bitcoin, Satoshi Nakamoto. Now, Granath (aka hodlonaut)  is the plaintiff in the court case that will decide whether his claims to freedom of speech following the 2019 tweets hold water under Norwegian law.

On Sep. 12, 2022, hodlonaut’s lawyer Ørjan Salvesen Haukaas made opening statements to Judge Helen Engebrigtsen. He explained Wright’s lack of a connection to bitcoin, and after that, presented documents from Wright’s previous legal battles. Granath’s lawyer also pointed to some of Wright’s tweets that were inconsistent with Nakamoto’s thinking.

Marie Bjørk Myklebust is another attorney on Granath’s legal team. She also demonstrated to the judge that tweets similar to hodlonaut’s original #CraigWrightIsAFraud existed before 2019. Myklebust pointed out that if Wright suffered reputational damage, it could not have started with Granath’s tweets.

Ledger

Wright has been on the warpath to silence anyone refuting his claim to the bitcoin throne. Recently, he clashed with podcaster Peter McCormack. A judge ruled that McCormack’s comments caused significant harm to Wright’s reputation but awarded Wright only £1 in damages for deliberately advancing a false case with false evidence.

How we got here

Granath has received overwhelming support from the crypto community since Wright lawyered up following tweets by Granath claiming that Wright was a fraud.

Following Hodlonaut’s initial tweets, Wright responded by sending lawyers to request that Hodlonaut remove the tweets, apologize to Wright, and say in court that Wright was Nakamoto.

Hodlonaut sought legal advice and later filed a suit against Wright in Norway, asserting that his tweets were protected by freedom of speech. After unsuccessfully filing to bring a premature end to proceedings in Norway, Wright filed a libel lawsuit against hodlonaut in the U.K. After a lengthy legal process, a court ruled that hodlonaut pay Wright £112,000 in adverse cost. Adverse costs are paid to the opposing party in relation to court proceedings and may include fees, expenses, and remuneration.

The Norwegian trial was allowed to proceed, despite efforts by Wright to dismiss proceedings.

The court will hear statements from Wright’s nine lawyers on Sep. 13, 2022.

Hodlonaut supporters are not optimistic

Wright’s litigious record has bitcoiners scrambling for cover for fear that they may be next on his hit list. According to bitcoin developer Greg Maxwell, at least four long-standing developers have quit.

Maxwell is not optimistic about Hodlonaut’s chances of winning since Wright has little to lose.

Supporters of hodlonaut, despite raising $1.5 million, also doubt that a Hodlonaut victory will stop Wright.

The case is expected to last seven days.

Got something to say about Hodlonaut or anything else? Join the discussion in our Telegram channel. You can also catch us on Tik Tok, Facebook, or Twitter.

Disclaimer

All the information contained on our website is published in good faith and for general information purposes only. Any action the reader takes upon the information found on our website is strictly at their own risk.



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

You have not selected any currency to display

Pin It on Pinterest

Crypto-Moon
BTCC
Crypto-Moon
Hodlonaut vs. Craig Wright Case Kicks Off in Norway
Ledger
Changelly
Hong Kong Police Take Down $65 Million Triad Money Laundering Operation
AI Industry’s Growing Demand: Governments Invest in Stable GPU Supply
Vitalik Buterin Receives Taiwan Employment Gold Card – Is this the Next Crypto Capital?
How Global Stablecoin Use Supports Dollar’s Supremacy
This US Presidential Candidate Just Started Accepting Bitcoin Donations
Bitfinex Money Launderers Agree Plea Deal in $3.6 Billion Bitcoin Heist
Blockfi
Ledger
Bitcoin falls to $103K, options skew hits 3-month low as mideast tensions drive oil prices higher
Sygnum CIO Explains Why Solana and XRP Could Become the Next Big Institutional Crypto Bets
SEC Undermines Legitimacy of Crypto Oversight, Watchdog Warns
BlackRock targets to become world's largest crypto asset manager by 2030
Unlocking Bitcoin’s True Potential: How Threshold Network is Bringing BTC to Starknet and Beyond
Bitcoin falls to $103K, options skew hits 3-month low as mideast tensions drive oil prices higher
Sygnum CIO Explains Why Solana and XRP Could Become the Next Big Institutional Crypto Bets
SEC Undermines Legitimacy of Crypto Oversight, Watchdog Warns
BlackRock targets to become world's largest crypto asset manager by 2030