Two former directors of nChain UK, the London blockchain company associated with a computer scientist who falsely claimed to be bitcoin inventor Satoshi Nakamoto, are bringing legal proceedings against their former employer.
Group finance officer Andrew Moody and general counsel David Brookes claim that they were dismissed in retaliation for blowing the whistle on an alleged attempt by an investor to acquire the company’s intellectual property without the knowledge of nChain’s directors.
The firm, together with three company officials, dispute the claims, which were made yesterday at a London employment tribunal. They argue that the directors had not made protected disclosures and were properly dismissed for gross misconduct.
The company was closely associated with Craig Wright, an Australian computer scientist, who falsely claimed to be Satoshi Nakamoto, the inventor of bitcoin. A high court judge found that Wright fabricated documents and repeatedly lied to justify his claims in a 2024 court case.
Brookes and Moody claimed in a written opening note that they made protected disclosures to their group CEO after learning of the existence of documents that had been created by others “behind the backs” of nChain’s directors which were not in the interests of the company.
The two directors claim that the documents, which consisted of three agreements with an investment company, contained a mechanism that could have stripped nChain of its entire portfolio of intellectual...
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