May 20, 2024

"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest headlines impacting the crypto industry today, as Judge James Mellor released his written judgment on the Craig Wright case, stating that the Australian has lied "extensively and repeatedly" in his evidence.

Video transcript

A judge wrote that Craig Wright lied to the UK court and Genesis is set to return $3 billion of customer assets. You're watching Coin Desk daily, I'm your host, Jen Sani Craig Wright, the Australian who claims to be Satoshi Nakamoto has lied quote extensively and repeatedly and quote in both his written and oral evidence in the crypto Open patent Alliance case. That's according to a written statement issued by Judge James Meller today, the judge wrote most of the lies related to forged documents that purported to support Wright's claim. Although the rulings can be appealed. Judge Miller concluded in March that Craig Wright was not Nakamoto, the sed onymous mastermind behind Bitcoin and that he had not authored the white paper. Genesis secured court approval to distribute $3 billion in cash and crypto to its creditors. According to a recent filing, this means that the bankrupt lender will return approximately 77% of customer assets in its latest liquidation plan. However, DC G, the parent company of Genesis will not be paid out in the proceedings. Judge Sean Lane wrote in the filing that the record here clearly establishes that there is not sufficient value in the debtors estates to provide DC G A recovery as equity holder after unsecured creditors are paid. And a Nigerian court has denied the bail application of detained Binance Executive Tigran Gamar on the grounds that there is a likelihood that he will manage to jump bail. That's according to a spokesperson for the executive's family, Gamar bail hearing, as well as other hearings related to Binance took place last Friday. The court ruled that Binance can be with the federal Inland Revenue Service tax evasion charge through Gamar. Gamar has been detained in Nigeria since February when he arrived with finances regional manager for Africa, Nadim Andar Wla Andar Wla has since escaped. That's it for Coindesk daily. Get more updates on and we'll see you next time.

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.