Jack Dorsey & Co Launch Bitcoin Legal Defense Fund, Prepare to Wage Legal War with Craig Wright
The Twitter founder, Bitcoin (BTC) bull and Block (formerly Square) chief Jack Dorsey has taken aim at those taking legal potshots at Bitcoin developers – including the likes of Craig “Faketoshi” Wright.
Dorsey, along with Alex Morcos of Chaincode Labs / the co-founder of Hudson River Trading and another individual named Martin White, penned an open letter to developers, noting that the “community” is “currently the subject of multi-front litigation.”
The trio remarked that “continued threats are having their intended effect” as “individual defendants have chosen to capitulate in the absence of legal support.”
Although the letter made no direct reference to Wright, the man who claims to be Satoshi Nakamoto, the author of the Bitcoin white paper, it did mention the activities of Wright’s Tulip Trading firm. The latter has attempted to launch a lawsuit against a group of open-source BTC, Bitcoin Cash (BCH) and Bitcoin SV (BSV) developers. The action is taking the form of a civil case lodged with a UK court.
Jack’s final boss is faketoshi
Dorsey and his co-authors stated that they had created the Bitcoin Legal Defense Fund, a “nonprofit entity that aims to minimize legal headaches that discourage software developers from actively developing Bitcoin and related projects such as the Lightning Network and Bitcoin privacy protocols.”
They added that the fund would “defend developers from lawsuits regarding their activities in the Bitcoin ecosystem,” and would provide assistance with “finding and retaining defense counsel, developing litigation strategy and paying legal bills.”
The initiative, Dorsey and company noted, would “start with a corps of volunteer and part-time lawyers,” while the trio said that the fund’s board would “be
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