By Joseph Branch in Innovations —

Craig Wright has been ordered to pay $516,000 in a lawsuit against Coinbase and Kraken

Craig Wright has been ordered to pay $516,000 in a lawsuit against Coinbase and Kraken
Photo by Sasun Bughdaryan / Unsplash

The Supreme Court of England and Wales has ruled  that self-proclaimed bitcoin creator Craig Wright must pay costs of $516,000.

Chairman James Mellor said he doubted the claimant's financial ability. Wright has a week to convince the court otherwise. Otherwise, the case against Coinbase and Kraken will be closed.

Recall, Wright filed a lawsuit in May 2022, accusing the exchanges of deliberately deceiving traders for profit.

In court, he demanded a complete ban on the promotion of BTC through trading platforms, as well as the recovery of $ 500 billion in compensation.