Bitcoin Website Editor Hodlonaut Receives Almost $1M in BTC as Craig Wright Case Looms

Hodlonaut, who is set to appear in a Norwegian court next month, has already raised 52.679 bitcoin and $30,000 in donations.

AccessTimeIconAug 22, 2022 at 3:26 p.m. UTC
Updated May 11, 2023 at 4:16 p.m. UTC

A prominent member of the Bitcoin community said in a tweet they had received a 47 bitcoin ($1 million) donation ahead of a defamation court hearing involving nChain Chief Scientist Craig Wright.

The pseudonymous Hodlonaut, who works as an editor for bitcoin magazine Citadel21, has received a total of 52.679 bitcoin and $30,000 in donations from 1,891 people, according to the tweet.

Hodlonaut will appear in Norwegian court on Sept. 12 for a case that began in March 2019. Earlier this month, Wright was involved in a U.K. court hearing with bitcoin (BTC) podcaster Peter McCormack. High Court Judge Martin Chamberlain ruled that Wright used false evidence in the defamation case and awarded him damages of 1 British pound ($1.18).

Several members of the crypto community have shown their support for Hodlonaut with the social media hashtag #WeAreAllHodlonaut. Michael Saylor, the CEO of business-intelligence software developer and bitcoin investor MicroStrategy (MSTR), posted the hashtag on Twitter on the same day the 47 bitcoin donation was received.

UPDATE (Aug. 22, 18:18 UTC): Adds damages award in third paragraph.


Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

Oliver Knight

Oliver Knight is a CoinDesk reporter based between London and Lisbon. He does not own any crypto.

Learn more about Consensus 2024, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to to register and buy your pass now.