• Market cap: $221 141 658 726
  • 24H Vol: $63 702 296 892
  • BTC Dominance: 66.2%

Craig Wright Set to Question Verdict Against Him in $10 Billion Lawsuit

By on September 2nd, 2019 at 10:25 am UTC · 3 min read

Craig Wright asked for 14-days deadline extension on the ruling judge Bruce Reinhart gave by ordering Wright to surrender more than $4 billion worth of cryptocurrency in favor of Kleiman’s estate.

Bitcoin (BTC), Crimes, Cryptocurrency News, Editor's Choice, Investors
Photo: QuoteInspector.com / Flickr
Photo: QuoteInspector.com / Flickr
  • Article
  • Comments

Right after last week, we thought (better say hoped) that “Craig Wright is (not) Satoshi Nakamoto” saga is over – he (again) proved us wrong. Self-called Bitcoin originator Craig Wright apparently decided to question the recent verdict against him in the $10 billion lawsuit filed by the estate of Dave Kleiman.

Just for a reminder, Ira Kleiman, brother of the deceased Dave Kleiman, who according to Craig Wright was his partner in the invention of Bitcoin, sued Wright for this above-mentioned sum and now, in the court papers filed Aug. 30, Wright asked district judge Beth Bloom for a 14-day deadline extension to question magistrate judge Bruce Reinhart’s previous ruling.

The ruling of this multi-billion-dollar lawsuit resulted in Judge Reinhart recommending 50 percent of Wright’s BTC holdings mined prior to December 31, 2013, be awarded to Kleiman.

The judge’s decision on the case was somewhat based on the fact that Wright lied, falsified documents, and intentionally blocked court actions, which many recognized as a clear sign that the court didn’t believe Wright was the real Satoshi Nakamoto.

Judge Reinhart abolished a lot of crucial affirmative defenses that Wright could use. If that decision remains absolute, it will be almost impossible for Wright to defend himself.

Hurricane Messing With CW Plans

In their Aug. 30 court papers, Wright’s lawyers claimed that they need some more time in order to work up because Hurricane Dorian is set to pound Florida over the next few days. The motion reads:

“Hurricane Dorian is expected to make landfall in Florida early next week. And counsel for Dr. Wright have been expending significant time preparing for the hurricane, which has limited their ability to work on this matter.”

Dave’s brother Ira Kleiman did still not challenge the motion and judge Beth Bloom allowed the extension, so the deadline was moved to Sept. 24.

In the meantime, the astonishing $10 billion lawsuit has been a hot topic for almost every mainstream media around the world who are arguing whether Craig Wright has to turn more than a half of the 1.1 million Bitcoin he and his late business partner Dave Kleiman allegedly mined.

Allegedly, Wright schemed to grab Dave’s Bitcoins and his rights to a specific intellectual property linked with the Bitcoin technology.

In June, Craig Wright admitted that he could not comply with a court order to list his early BTC addresses. According to him, he cannot easily retrieve the data because he shared a critical component for accessing the funds and wallets with Kleiman prior to his death.

Wright tried to present some pieces of evidence of the existence of any additional members of one of the plaintiffs, a firm named “W&K Info Defense Research, LLC” (“W&K). He claimed that their existence could prove that the court did not have sufficient evidence. However, he didn’t succeed in this. So, according to the court, “the Defendant has failed to present any credible evidence showing that any of the parties he suggests are members of W&K.”

According to Ira Kleiman, Dave owned 50% to 100% of W&K.

Be it as it may, there is a tough battle ahead of Wright, especially after both judges claimed Wright has committed perjury and falsified documents to hide his Bitcoin stash.

Teuta Franjkovic
Author: Teuta Franjkovic

Experienced creative professional focusing on financial and political analysis, editing daily newspapers and news sites, economical and political journalism, consulting, PR and Marketing. Teuta’s passion is to create new opportunities and bring people together.

Share this article

Disclaimer We welcome comments that advance the story directly or with relevant tangential information. We try to block comments that use offensive language, all capital letters or appear to be spam, and we review comments frequently to ensure they meet our standards. Views expressed in the comments do not represent those of Coinspeaker Ltd.

Related Articles

At CoinSpeaker we use cookies in order to improve site performance, offer you a better browsing experience and enable you to easily share content.

Got it!