UK court orders Craig Wright's company Tulip Trading to prove ownership of Bitcoin in hacking case

A UK court document shows that Craig Wright's company, Tulip Trading, needs to prove ownership of about 110,000 bitcoins, which are at the center of a case filed in 2021 against a group of bitcoin developers. The developers are suing Tulip, accusing them of wrongly refusing to help Wright's company recover billions of dollars worth of bitcoins lost in a hack.

According to an order from the High Court of England and Wales published on the Bitcoin Law Defense Fund website, the court will determine in the preliminary trial whether Tulip does indeed own the bitcoins. The date of the order is November 15. The preliminary trial is expected to last 15 days and will also determine whether the alleged hacking occurred and if so, whether it deprived Tulip Trading of control over the private keys of the bitcoins.