Bitcoin Website Editor Hodlonaut Receives Almost $1M in BTC as Craig Wright Case Looms

A prominent member of the Bitcoin community said in a tweet they had received a 47 bitcoin ($1 million) donation ahead of a defamation court hearing involving nChain Chief Scientist Craig Wright.

The pseudonymous Hodlonaut, who works as an editor for bitcoin magazine Citadel21, has received a total of 52.679 bitcoin and $30,000 in donations from 1,891 people, according to the tweet.

Hodlonaut will appear in Norwegian court on Sept. 12 for a case that began in March 2019. Earlier this month, Wright was involved in a U.K. court hearing with bitcoin (BTC) podcaster Peter McCormack. High Court Judge Martin Chamberlain ruled that Wright used false evidence in the defamation case and awarded him damages of 1 British pound ($1.18).

Several members of the crypto community have shown their support for Hodlonaut with the social media hashtag #WeAreAllHodlonaut. Michael Saylor, the CEO of business-intelligence software developer and bitcoin investor MicroStrategy (MSTR), posted the hashtag on Twitter on the same day the 47 bitcoin donation was received.

UPDATE (Aug. 22, 18:18 UTC): Adds damages award in third paragraph.