A COMPUTER scientist who claims to be the mythical founder of Bitcoin has denied forging documents to support his claim.
Dr Craig Wright, 53, arrived at London's Royal Courts of Justice on Tuesday for the second day of a bombshell trial to unravel crypto's biggest mystery.
The Australian-born, English resident claims he developed Bitcoin - the world's first decentralised cryptocurrency.
The IT expert asserts that he authored the 2008 Bitcoin white paper under the name Satoshi Nakamoto.
But the Crypto Open Patent Alliance (Copa) believes otherwise, and filed a lawsuit against Wright in the UK in 2021, seeking a ruling that Wright is not in fact the pseudonymous author.
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Copa insists that Wright has repeatedly faked documents to support his claim before changing his story when the inconsistencies were spotted.
But Wright has denied the accusations and has blamed others, including former lawyers and associates for any counterfeit papers.
The self-proclaimed bitcoin inventor is being questioned in court today in the first of the six days evidence hearing.
Copa's lawyer, Jonathan Hough, has presented several alleged forgeries to Wright, including one document which Copa claims to have numbers in visibly different fonts.
The plaintiff says the forged timestamps make it appear as if the document preceded the bitcoin white paper.
Hough said: "This is a document forged by you as part of the origin myth."
To which Wright replied: "If I forged that document, it would be perfect."
Hough asked Wright: "Have you ever forged or falsified a document in support of your claim to be Satoshi Nakamoto?
"Have you ever knowingly presented a forged or falsified document in support of your claim to be Satoshi Nakamoto?"
Wright has replied "no" to both questions.
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The cryptocurrency world is largely in agreeance that Wright is not the real Nakamoto, who was active in the development of Bitcoin until December 2010, and who Wright has claimed to be since 2016.
Whoever Bitcoin's founder really is, is sitting on an enormous stash of cryptocurrency now worth £36billion - which would make them one of the world's richest people.
The asset is a form of digital currency which uses digital coins created or "mined" using complex calculations performed by computers.
It is used as an alternative payment method or speculative investment, and ultimately aims to eliminate the need for central authorities like banks or governments.
Speculation about Nakamoto's true identity has run rampant for years and mostly involved software and cryptography experts in the United States or Europe.
In 2015, American magazine Wired wrote that Wright "either invented Bitcoin or is a brilliant hoaxer who very badly wants us to believe he did".
Jonathan Hough KC, who is representing Copa, told the high court on Monday that Wright's claim to be the author of the founding text of bitcoin was a "brazen lie and elaborate false narrative supported by forgery on an industrial scale".
Twitter founder Jack Dorsey is backing Copa in its fight to obtain a "negative declaration" that Wright is not Nakamoto.
Hough said: "On the basis of his dishonest claim to be Satoshi, he has pursued claims he puts at hundreds of billions of dollars, including against numerous private individuals.”
He added in written submissions: “Dr Wright has consistently failed to supply genuine proof of his claim to be Satoshi: instead, he has repeatedly proffered documents which bear clear signs of having been doctored.”
The barrister argued Wright's conduct had "deadly serious" consequences for some who faced legal action based on his claims.
Previously, a spokesperson for Wright described the trial as "really a war" over who sets the rules for the Bitcoin blockchain - a digital record that tracks ownership of a cryptocurrency.
He told The Guardian: "Think of it as a modern-day tech battle, akin to that between Blu-ray and HD DVD or, for even older readers, Betamax versus VHS."
The total value of the Bitcoin market is worth about £657billion.
Wright offered to settle the case last month, which observers said suggested he was not confident he could win.
The offer was rejected by Copa who posted on X, formerly Twitter: "Hard pass on that 'settlement'."
The group added that a settlement "would allow him to sue people all over again", referring to Wright previously using English libel law to sue people who denied he was the inventor of Bitcoin and those who called him a fraud.
