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How Jack Dorsey’s Bitcoin Legal Defense Fund is fighting for the future of open source software


A crypto wallet theft lawsuit brought about by a man who claims to be Bitcoin creator Satoshi Nakamoto could jeopardise the future of open source software development.
That’s according to the Jack Dorsey-backed Bitcoin Legal Defense Fund which is taking on a case to defend 11 Bitcoin developers named in a lawsuit filed by Craig Wright, an Australian computer scientist who emerged into the spotlight back in 2016 with a hotly-disputed claim of being Bitcoin’s founding father.
The crux of the case in question dates back to 2021 when Wright, through a Seychelles-based firm called Tulip Trading, launched a so-called ‘letter before action’ against 16 Bitcoin software developers, in an attempt to regain access to £4 billion ($5 billion) worth of Bitcoin he claims to own. Wright said that he lost access to private keys for 111,000 Bitcoins after his home network was hacked the previous year, and that it was the responsibility of key Bitcoin Core (the main version of the Bitcoin protocol software) developers to remedy illegitimate crypto transactions.
Although the case was initially dismissed last year before it made it to court, a U.K. appea …

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