The Bitcoin Legal Defense Fund (BLDF) is offering support to 13 Bitcoin Core developers targeted by a lawsuit filed by Craig Wright and his firm, Tulip Trading. BLDF, a non-profit co-founded by Block CEO Jack Dorsey, claims that the lawsuit initiated by Wright or his companies is an attack on the fundamental principles of freedom, and that it is supporting the legal defense of the developers to defend the right to build free open-source software without fear.
The lawsuit stems from an alleged hack in 2020 that resulted in the loss of 111,000 Bitcoin that Wright claimed to own. Wright is arguing that Bitcoin developers have a fiduciary duty to create a “backdoor” to allow him to access coins he claims to have lost, although Jonas, Chief Legal Officer at the Bitcoin Legal Defense Fund says that this would compromise Bitcoin’s core feature as fully distributed open-source software.
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