{"id":280043,"date":"2020-12-22T18:17:13","date_gmt":"2020-12-22T23:17:13","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=280043"},"modified":"2023-08-09T10:07:06","modified_gmt":"2023-08-09T10:07:06","slug":"craig-wrights-wife-wins-case-against-ufx-exchange-over-closed-account","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/craig-wrights-wife-wins-case-against-ufx-exchange-over-closed-account","title":{"rendered":"Craig Wright\u2019s Wife Wins Case Against UFX Exchange Over Closed Account"},"content":{"rendered":"

Beyond claiming to be Satoshi Nakamoto, Craig Wright has also gained a reputation for being rather litigious. It would appear that his wife has gotten the same traits.\u00a0<\/span>Recently, Ramona Ang, the wife of Bitcoin SV proponent Craig Wright, scored a significant win in court against the UFX exchange platform.<\/span><\/p>\n

No Probable Cause for Restricting Funds<\/b><\/h2>\n

A recent ruling from Honorable Judge Justice Butcher of the U.K High Court\u00a0<\/span>ruled<\/span><\/a>\u00a0in favor of Ang against Reliantco, the Cyprus-based operator of UFX. Ang had sued the exchange after it closed her account without depositing her funds years back.<\/span><\/p>\n

According to the judge\u2019s ruling, Reliantco had failed to make its case that Ang hadn\u2019t been the account\u2019s principal user. The Cyprus-based firm explained that it closed Ang\u2019s account because Wright was essentially controlling it. It alleged that Wright had been using the exchange to move funds ever since his account with it had been blocked.\u00a0\u00a0<\/span><\/p>\n

The firm closed Wright\u2019s account after he was accused of fraud, although they returned the $10,000 he had deposited. When they closed Ang\u2019s account, however, they did so without any compensation. In Ang\u2019s suit, she asked for $708,857 \u2013 comprising the initial $400,000 she had invested in Bitcoin futures and over $300,000 in gains on her open positions since then.<\/span><\/p>\n

Ang also claimed a loss of $1,334,163 that would have come from opening a Bitcoin account on Kraken and earning 3,530 BCH from the asset\u2019s fork off the original Bitcoin blockchain. In total, Wright\u2019s spouse claimed $2,643,020 in compensations.<\/span><\/p>\n

In his ruling, the judge explained that some of Ang\u2019s claims had been untruthful and inaccurate. However, he didn\u2019t find any evidence to show that Ang wasn\u2019t the account\u2019s principal owner. Thus, UFX will need to refund her.<\/span><\/p>\n

No Luck for Wright in Legal Cases<\/b><\/h2>\n

While Ang is finding some success with her lawsuit, Wright has not been nearly as lucky. The self-proclaimed Satoshi Nakamoto has been in a long-standing legal tussle with the family of David Kleimann, his former business associate, over Bitcoin ownership.<\/span><\/p>\n

Beyond the Kleimann suit, Wright has also suffered some losses in other legal cases. In August, Norway-based crypto commentator Hodlnaut took to Twitter to <\/span>bash<\/span><\/a> Wright for failing to pay $60,000 in fees from a suit Wright had lost.<\/span><\/p>\n

The suit originated over a year ago, after Hodlnaut had labeled Wright a liar for claiming to be Satoshi Nakamoto. Along with names like Adam Back and Peter McCormack, Wright sued Hodlnaut for libel. Against the commentator, Wright claimed that he had been slandered. However, the Norwegian District Court threw the case out last December and asked the Bitcoin SV proponent to pay legal fees.<\/span><\/p>\n

Wright appealed the case, moving it to the High Court in the United Kingdom. Still, the judge\u00a0<\/span>dismissed<\/span><\/a>\u00a0it, claiming that he didn\u2019t have any power to make substantial rulings on the case. A third loss at the Norwegian Court of Appeal saw Wright abandon the case, stuck with $60,000 in fees.<\/span><\/p>\n

Read more:\u00a0<\/strong><\/p>\n