Bitcoin pioneer Craig Wright is ordered by the US court to transfer up to $ 5 billion

Australian man who claimed that Bitcoin maker Satoshi Nakamoto has been ordered by the US court to transfer $ 5 BILLION to the estate of his former partner

  • Craig Wright wanted to be the mysterious Bitcoin maker in 2016
  • On Tuesday, a federal judge in Florida issued the ruling against Wright
  • Wright was sued by the family of his former employee Dave Kleiman
  • Kleiman and Wright were heavily involved with bitcoin in its infancy as partners
  • The Kleiman family wanted half the bitcoin that Wright mined before 2014
  • They claimed that Wright had seized the bitcoins that they owned when Kleiman died
  • Wright & # 39; s claims about Nakamoto have never been proven and have not been dealt with by the court
Advertisements

A US court ordered an Australian man who claimed to be the creator of Bitcoin to pay up to $ 5 billion to the legacy of his former employee.

In a warrant on Tuesday, a Florida federal judge ordered Craig Wright to give Dave Kleiman's legacy half of the bitcoin they mined before Kleiman's death in 2013.

Wright, 48, claimed in 2016 that he was the mysterious Bitcoin maker Satoshi Nakamoto, although that claim has been seriously questioned.

The court's order specifically refuses to determine whether Wright is in fact Nakamoto, nor does it rule on how much bitcoin Wright owns, although the court heard a testimony that his cryptocurrency assets might be worth about $ 10 billion.

Advertisements

Craig Wright is seen outside the federal court in June. A magistrate ordered him to transfer half of his bitcoin assets to the estate of his former partner

Craig Wright is seen outside the federal court in June. A magistrate ordered him to transfer half of his bitcoin assets to the estate of his former partner

The lawsuit does not claim that Kleiman or Wright are the actual inventors of Bitcoin, but instead claims that the two were heavily involved with bitcoin in its infancy as partners.

Early bitcoin users were able to acquire large amounts of bitcoin through a process known as mining long before the value ever exceeded a dollar.

An extremely early transaction on the Bitcoin network, for example, was when someone paid 10,000 bitcoins for Domino & # 39; s Pizza.

A single bitcoin is now trading for around $ 9,699, although prices fluctuate quickly.

The Kleiman family claimed that the two men jointly owned about 1.1 million bitcoins and a company.

Advertisements

When Kleiman died in 2013, Wright would have dated contracts to transfer ownership of the coins and intellectual property to him.

Dave Kleiman, who died in 2013, was one of the early programmers involved with Bitcoin

Dave Kleiman, who died in 2013, was one of the early programmers involved with Bitcoin

Dave Kleiman, who died in 2013, was one of the early programmers involved with Bitcoin

Wright argued in court that he was shocked when the Bitcoin network became popular with drug dealers and other criminals, and that he encrypted his property and placed it in blind faith.

He claimed that the encryption keys would be delivered to him by a bonded courier in January 2020, and that until then he had no access to the bitcoin or even precise knowledge of the amount.

Advertisements

In his order, Judge Bruce Reinhart mocked the idea that Wright & # 39; Frankenstein is whose creation turned into evil and & # 39; called the story & # 39; unthinkable & # 39 ;.

& # 39; I completely reject Dr. testimony Wright about the alleged Tulip Trust, the alleged encrypted file and his alleged inability to identify his bitcoin companies, & # 39; Reinhart wrote.

& # 39; When it suited him, Dr. seemed Wright to have an excellent memory and a meticulous attention to detail. Otherwise Dr. Wright combative and evasive, & # 39; explained the order.

The court also ordered Wright to pay the legal costs of the Kleinman estate in the case.

Advertisements

. [TagsToTranslate] Dailymail

- Advertisement -