Craig Wright, who says he is Satoshi Nakamoto, sentenced to one year in prison: reports

Craig Wright, who has claimed to be the pseudonymous creator of Bitcoin, was reportedly found to have committed contempt of court and was sentenced to two years in prison. 

The Australian computer scientist was sentenced to 12 months and suspended for two years on Thursday, according to multiple news reports . This comes after Wright launched a £900 billion "legal claim" involving intellectual property. The claim initiated the contempt of court, according to The Independent . 

Wright, who appeared through a video link, declined to say where he physically was, but said he would appeal, according to reporting from The Guardian . 

In March, a U.K. judge ruled that Wright is not Satoshi Nakamoto. The Crypto Open Patent Alliance or COPA first brought its case in April against Wright in a bid to stop Wright from asserting copyright claims over the Bitcoin whitepaper and database. During the trial, two key figures in Bitcoin's creation took the stand , including the pioneer of Bitcoin's proof-of-work consensus system, Adam Back. 

Nakamoto could own up to 1.1 million bitcoin, according to Arkham . This comes as the price of bitcoin has skyrocketed over the past month to a new high of $106,000.