Craig Wright Blasts DeFi As a “Complete Scam”

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Last Updated on 1 September 2020 by CryptoTips.eu

Jeroen Kok

Jeroen is one of the lead copywriters on Cryptotips.eu and discusses all recent events in the crypto market. This includes news updates, but also price analyzes and more. He developed his passion for cryptocurrency during the bull run in 2017. He has learned a lot since then. The combination of cryptocurrency and creative writing is perfect for Jeroen and an excellent way to share his knowledge with a wide audience. Find me on LinkedIn / [email protected]
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In a surprisingly expletive-laden interview, self-declared inventor of Bitcoin Craig Wright called the DeFi hype a “complete scam” and said inventors of these projects were nothing but “conmen” and “criminal a**holes taking money”.

He also started a new court case against Roger Ver (the creator of Bitcoin Cash and CEO of Bitcoin.com) for libel, after he lost a previous case. This action comes after Ver told his followers in a video-message that “Craig Wright is a liar and a fraud, so sue me, again”.

Advertentie.

Faketoshi

Craig Wright is known in the crypto scene as FakeToshi for claiming he is the original inventor of Bitcoin and the author of its famed White Paper. In other words, Wright, an Australian businessman, claims to be the legendary Satoshi Nakamoto.

He was sued by the family of his former business partner Dave Kleiman, who claimed that they also were entitled to part of the first 1.1 million mined Bitcoins. The legal proceedings were long and funny (with a crypto address that Wright claimed was his even showing up in reference to the Mount Gox hack), but eventually the Australian was unable to prove that he is the original Bitcoin creator. 

Reimagine 2020

This time round, as a guest to the virtual conference Reimagine 2020, Mr Wright said that DeFi schemes are “illegal, unregistered and unlicensed” and that creators of the various DeFi projects out there were nothing short but “conmen, criminal a**holes taking money, full stop”.

Asked about Chainlink’s Oracle network, Mr Wright stated:

We’ve got a decentralized oracle. Bullshit you do! Sue me! Where is the damn backing?

Commenters in the crypto scene had their own thoughts on Wright’s statements though, with many claiming he simply felt bad because he didn’t get on the DeFi train in time.

The DeFi craze has been the definitive story in the crypto scene of the summer. The rise of Bitcoin’s price from it’s bottom of $3,000 in March until $12,000 in August was quite spectacular, but it bleaks in comparison to the DeFi bull which has meant that this new industry picked up a whopping $9 billion in market capitalization.