Jessica Jonas, the legal chief for former Twitter CEO Jack Dorsey's Bitcoin Legal Defense Fund, described Craig Wright's Tulip Trading lawsuit as 'extraordinarily dangerous.'
In the case between Tulip Trading and 14 named individuals allegedly involved in the open source development of Bitcoin Core, and others, Wright alleges that the said developers owe him a fiduciary duty. Jonas described the case as being about “an allegation that Tulip Trading owned, allegedly, 111,000 Bitcoin and was hacked, allegedly, and lost that 111,000 Bitcoin in some very Ocean’s 11 style hack.
“They are asking the court to order that this group of software developers write a patch into the software that diverts funds. That’s not how Bitcoin works. It’s impossible.” “This case has actually already gone through an appeal and the appellate court found that the question of whether open source developers should owe a fiduciary duty to people who use their code is an important one,” claimed Jonas. Furthermore, Jonas described the potential threat to the open source community as “existential.” “Open source software makes up 97% of the world's software," she said.Jonas also framed the case as a matter of free speech.
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