Man who claims he invented bitcoin faces prison after filing $1.1 trillion suit

Craig Wright, the man who claims he invented bitcoin and has been filing lawsuits asserting intellectual property rights, was sentenced to a year in prison yesterday for committing contempt of court.

The sentence is suspended and can be enforced if Wright continues violating court rulings—but he may be able to avoid imprisonment by staying away from countries that have extradition agreements with the UK. Wright defied an order to attend a court hearing in person this week and said he is in Asia.

Wright "was sentenced for contempt of court on Thursday" for bringing a 911 billion pound ($1.1 trillion) lawsuit "against Twitter founder Jack Dorsey's payments company Block in Britain," Reuters wrote.

Wright filed that lawsuit in October. In addition to Block, also known as Square, Wright's lawsuit targeted numerous corporate entities and individuals involved in bitcoin development. The ruling this week by Justice James ...