Hodlonaut Wins Lawsuit Against Self-Declared “Satoshi” Craig Wright

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Key Takeaways:

  • A Norwegian judge ruled that Magnus Granath, also known on Twitter as “Hodlonaut,” had won his lawsuit against Craig Wright.
  • Australian computer scientist Craig Wright claims to be Satoshi Nakamoto, the person who invented Bitcoin.

Magnus Granath, a.k.a. “Hodlonaut,” used Twitter to announce his victory in his defamation case against self-described Bitcoin creator Craig Wright.

A string of tweets from March 2019 served as the foundation for the defamation case that Wright brought against Granath. Hodlonaut tweeted about Wright, saying that he had not succeeded in establishing his claim to be Satoshi Nakamoto. Wright was referred to as a fraud and a conman by Granath.

According to the judgement, Hodlonaut had evidence that suggests grounds to claim that Wright had lied and cheated in his attempt to demonstrate that he is Satoshi Nakamoto.

The six-day trial ended on September 20, but due to an embargo, the verdict wasn’t made public until October 20. Granath sued Wright as a preventative measure in order to obtain a declaratory judgment that the tweets he posted were legitimate and protected by free speech and that he was not responsible for compensating Wright for his losses.

Hodlonaut expressed his gratitude for the support, saying he is overjoyed and appreciative of it. He added that the outcome was anticipated.

Judge Helen Engebrigsten of the Norway District Court decided to favor Granath. The trial, which lasted for nearly a week is now over. Hodlonaut had won the case and won’t be punished or forced to pay for using Twitter to express his opinion.

Hodlonaut was also congratulated by Samson Mow, the current CEO of Pixelmatic and JAN3, who said it was all worthwhile.

Famous American cypherpunk Jameson Lopp tweeted his views on the subject and claimed that the evidence was factually adequate to demonstrate that Wright had made false statements in his attempt to validate his identity as Satoshi Nakamoto.

In this context, the court believes that ‘fraud’/’fraudulently‘ means one who is something other than what he claims to be. ‘Fake‘ has a similar meaning: ‘illegitimate’,’ ‘false’,something other than what he pretends to be, ‘wrote Engebrigtsen.‘Scammer‘ must be understood in the same way as a swindler or cheat maker.

Hodlonaut is not accountable for any losses the tweets may have induced and will not be held liable for any compensation claims. In the meantime, Wright has been mandated to pay the Twitter user NOK 4,053,750, or about $383,000.

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Aadrika Sharma
Aadrika Sharma

I enjoy writing and try to learn new things every passing day!

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