Craig Wright demands that ‘Bitcoin developers’ return him $5 billion in BTC

Litigation law firm Ontier LLP has initiated legal action on behalf of self-proclaimed Bitcoin (BTC) creator Craig Wright to recover £3.5 billion (roughly $4.95 billion) worth of BTC, according to a document published yesterday.

Essentially, the firm demands that “developers for BTC, BCH, BCH ABC and BSV” enable Craig Wright’s company Tulip Trading Limited (TTL) to “regain access to and control of its Bitcoin on the grounds that they owe Bitcoin owners both tortious and fiduciary duties under English law.”

The lawyers allege that Wright’s personal computer was hacked in February 2020, resulting in the theft of two private crypto keys that ostensibly belonged to him.

“In February 2020, Dr Wright’s personal computer was hacked by persons unknown and encrypted private keys to two addresses, which hold substantial quantities of Bitcoin belonging to TTL, were stolen,” Ontier claimed, adding, “These assets were, and continue to be, owned by TTL.”