The UK Court of Appeals has firmly rejected Dr. Craig Wright's claims of being Bitcoin's creator, Satoshi Nakamoto, labeling his appeal as 'totally without merit.'

In its ruling, the court highlighted multiple falsehoods and referred to 'AI-generated hallucinations' in Wright's legal filings.

This decision follows a previous High Court ruling from May 2024, which also dismissed Wright's assertions.

The judgment, which consisted of 945 paragraphs, concluded that the evidence against Wright's claims was overwhelming, following an extensive 22-day trial.

Key findings included that Wright had lied extensively and forged documents to support his assertions.

The UK court had previously issued an injunction against Wright to prevent him from falsely claiming to be Bitcoin's founder, with allegations that his new case violates this injunction.

Prominent figures in the crypto community have labeled Wright a 'scammer' and 'fraud' for his persistent claims of being Nakamoto.

Despite various theories and investigations regarding Satoshi Nakamoto's identity, including recent speculation linking Canadian developer Peter Todd to the title, the true identity remains a mystery.

Should Nakamoto's identity be confirmed, it could have a significant impact on the cryptocurrency market, as wallets attributed to Nakamoto hold about 1.1 million Bitcoin valued at approximately $108 billion.

Wright's ongoing legal battles include multiple defamation lawsuits against critics, many of which have ended in defeat, further increasing skepticism about his claims.

Legal expert David Pearce noted that this refusal of Wright's appeal marks a decisive end to his attempts to prove he is Nakamoto, although he still faces potential contempt of court charges.

Wright's legal troubles are compounded by a contempt of court hearing scheduled for December 18, 2024, concerning his £900 billion claim against Jack Dorsey's Square and BTC Core.