Craig Wright, an Australian scientist who claims to be the inventor of Bitcoin 'Satoshi Nakamoto', has been sentenced to one year in prison, which can be suspended for two years, because he ignored a court injunction and continued to impersonate Satoshi Nakamoto to sue others, resulting in a ruling from the High Court in London that he was in 'contempt of court'.

Judge James Mellor found that the 54-year-old, known as 'Faketoshi', repeatedly lied about being the real Satoshi Nakamoto, claiming to have intellectual property rights related to Bitcoin, but the High Court in the UK discovered that 'Faketoshi' lied about his role, fabricated a large number of poorly constructed false statements and documents, and also used a bunch of incomprehensible technical jargon to deceive.

In July of this year, the court ordered Craig Wright to stop claiming he is Satoshi Nakamoto and not to use it as a 'weapon' to take legal action against others. However, in October this year, he violated the court order and initiated a lawsuit against cryptocurrency developers, claiming over £90 billion ($1.12 trillion) for the Bitcoin intellectual property rights he claims to own.