Australia news live: critics of government’s Medicare review call for concrete action now
bitcoin creator Craig Wright’s
The ruling paves the way for a trial on whether developers owe duties to the owners of digital assets - which a lawyer representing some developers said could pose a fundamental challenge to decentralised finance if Wright won. Wright’s Seychelles-based company Tulip Trading is taking legal action against the developers of three networks, arguing they are obliged to write software patches to help Tulip recover the bitcoin.
Judge Colin Birss said Tulip had a realistic argument that cryptocurrency is “entrusted” to network developers, who could therefore have a duty to, for example, “introduce code so that an owner’s bitcoin can be transferred to safety”.
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