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Craig Wright Can Appeal Satoshi Defamation Finding, Norwegian Court Rules

An Oslo judge in October ruled Twitter user Hodlonaut had been within his rights to post 2019 tweets calling Wright a "fraud" and "scammer."

Na-update Dis 23, 2022, 8:52 p.m. Nailathala Dis 23, 2022, 3:44 p.m. Isinalin ng AI
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Craig Wright has been given permission to appeal a Norwegian court ruling concerning his claim to be Satoshi Nakomoto, founder of Bitcoin, CoinDesk has been told.

In October, Judge Helen Engebrigtsen of the Oslo District Court ruled that Magnus Granath (who goes by the Twitter handle Hodlonaut) had been entitled to post tweets in 2019 calling Wright a “fraud” and a “scammer” for saying he was the true founder of Bitcoin.

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Wright’s right to protest that ruling has now been upheld by the Norwegian Court of Appeal, lawyers involved in the case have told CoinDesk, offering yet another twist in an already tangled series of legal cases.

“For Dr. Wright, this decision means that the Court of Appeals will hear his case and render its own independent decision,” Wright’s attorney, Halvor Manshaus, told CoinDesk in a statement.

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“The case involves other non-economic interest, aside from just the monetary claims, and may also raise important legal principles for the court to address,” Manshaus, a partner at Oslo practice Schjødt, added. The lawyer cited such issues as “defamation, protection of the personal sphere and harassment.”

Granath’s lawyers, meanwhile, attempted to play down the significance of the decision in a jurisdiction where there is a presumption that any case can be heard twice.

“There is nothing dramatic or unusual about the decision” by the appeals court, said Ørjan Salvesen Haukaas, a partner at DLA Piper, in an email.

Manshaus told CoinDesk back in October of Wright’s intention to appeal, saying that “anonymous online bullying” could have a “chilling effect” on public discourse. Granath (Hodlonaut) hoped to use the Norwegian case to forestall an unfavorable ruling in the U.K., where defamation laws are stricter.

In the U.K., Wright scored a partial legal victory on Wednesday when he was awarded 900,000 pounds (US$1.1 million) in costs in relation to a separate claim made by podcaster Peter McCormack. Wright was previously awarded only nominal damages by U.K. Judge Martin Chamberlain, who said Wright had “put forward deliberately false evidence.”

In her judgment, Engebrigtsen said Granath had “sufficient factual grounds” for his tweets, after witnesses at the trial demonstrated discrepancies in the documents Wright used to prove his claims, such as typefaces that weren’t around in 2008.

In tweets sent on Wednesday, Wright appeared to signal he was giving up on legal attempts to prove he invented Bitcoin.

Read more: The Bullied Takes the Bully to Court

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Exchange Review - March 2025

Exchange Review March 2025

CoinDesk Data's monthly Exchange Review captures the key developments within the cryptocurrency exchange market. The report includes analyses that relate to exchange volumes, crypto derivatives trading, market segmentation by fees, fiat trading, and more.

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Trading activity softened in March as market uncertainty grew amid escalating tariff tensions between the U.S. and global trading partners. Centralized exchanges recorded their lowest combined trading volume since October, declining 6.24% to $6.79tn. This marked the third consecutive monthly decline across both market segments, with spot trading volume falling 14.1% to $1.98tn and derivatives trading slipping 2.56% to $4.81tn.

  • Trading Volumes Decline for Third Consecutive Month: Combined spot and derivatives trading volume on centralized exchanges fell by 6.24% to $6.79tn in March 2025, reaching the lowest level since October. Both spot and derivatives markets recorded their third consecutive monthly decline, falling 14.1% and 2.56% to $1.98tn and $4.81tn respectively.
  • Institutional Crypto Trading Volume on CME Falls 23.5%: In March, total derivatives trading volume on the CME exchange fell by 23.5% to $175bn, the lowest monthly volume since October 2024. CME's market share among derivatives exchanges dropped from 4.63% to 3.64%, suggesting declining institutional interest amid current macroeconomic conditions. 
  • Bybit Spot Market Share Slides in March: Spot trading volume on Bybit fell by 52.1% to $81.1bn in March, coinciding with decreased trading activity following the hack of the exchange's cold wallets in February. Bybit's spot market share dropped from 7.35% to 4.10%, its lowest since July 2023.

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