The Bitcoin Satoshi Vision network (the “BSV Network”) – the First Defendant (the “Bitcoin Association”).
#Who are the bitcoin core developers Patch#
TTL claimed that it “ would not be technically difficult” to put together a software patch to allow TTL to “ regain control of the assets.” TTL claimed that the Defendants, being the core developers who controlled the software in respect of four relevant digital asset networks (the “ Networks”, as specified below), owed TTL fiduciary and/or tortious duty which should compel them to assist TTL in recovering control and use of its digital assets. TTL claimed that the Defendants had a duty to enable him to recover stolen encryption keys that were allegedly deleted from Dr Wright’s computer when he was the victim of a cyber-attack in February 2020. Satoshi Nakamoto is the stated author of the Bitcoin white paper and “inventor” of Bitcoin. TTL, a Seychelles-registered Company, is the holding company of Dr Craig Wright – an individual linked with the pseudonym Satoshi Nakamoto. TTL claimed that the Defendants should assist it in regaining control and use of its assets. One such investor - Tulip Trading Limited (“ TTL”), incurred alleged losses as a result of deleted encryption keys for the use of $4.5 billion worth of digital assets following an alleged cyber-attack against TTL. The case concerned a claim against 16 software developers (the “ Defendants”) alleging that they owed fiduciary and/or tortious duty to owners of digital currency assets on their networks. In Tulip Trading Ltd v Bitcoin Association for Bitcoin SV (BSV) and others EWHC 667 (Ch) the High Court revisited the scope of common law and other duties in the context of digital asset networks. “Single-minded loyalty”: High Court examines Bitcoin developers’ duties to restore lost private keys
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