HomeBitcoin NewsSelf-Declared BTC Creator Craig Wright Wins in Court

Self-Declared BTC Creator Craig Wright Wins in Court

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Craig Wright has won his bitcoin-related civil suit, casting doubt on all those who said the London-based Australian computer scientist wasn’t Satoshi Nakamoto.

Craig Wright Is Victorious in Court

The suit centered around an alleged stash of cryptocurrency and bitcoin units worth approximately $54 billion at the time of writing. A jury in Florida has dismissed approximately six of seven charges brought forth by the family of David Kleiman, who allegedly worked with Wright on assorted bitcoin projects prior to his passing. The family of the former computer programmer said that approximately 1.1 million bitcoin units should have gone to Kleiman but were never handed over.

The estate sued Wright for damages and sought out the billions in crypto Wright currently has in his name. The jury ultimately took the computer scientist’s side, though they did order that he pay approximately $100 million in damages to the family due to a potential breach of contract with Kleiman.

Wright has said he will not appeal the decision, claiming he has never felt so vindicated in all his life. In an interview following the trial, Wright said that he feels the verdict officially proves him to be Satoshi Nakamoto, who is the reported creator of the world’s number one digital currency by market cap.

He said:

The jury has obviously found that I am [Nakamoto] because there would have been no award otherwise. I have never been so relieved in my life.

Wright has been at the center of much controversy over the past five years. Trouble started for the scientist in the year 2016 when he alleged to be Nakamoto, bitcoin’s anonymous creator and the writer of the 2008 whitepaper that officially introduced BTC and cryptocurrency to the world.

The suit stems from Ira Kleiman, the brother of David, who alleged in court documents that both David and Wright were each two halves of Nakamoto, meaning they both contributed equally to the establishment and creation of bitcoin, and that his brother was being cheated out of potential financial royalties. David Kleiman passed away in 2013.

$100 Million in Damages

Ira claimed that half of the bitcoin in Wright’s stash was ultimately owed to his deceased brother, and thus the family sought to cash in on what they thought was theirs. However, it appears a jury felt otherwise. The family will only receive a $100 million prize in that the jury determined Wright had breached a contract he held with Kleiman regarding a joint business venture. Rather than collecting the funds, the family has said they will send the money to W&K Info Defense Research LLC.

Two years ago, following many dismissals of his claims by purported “defamers,” Wright sought to take all those casting doubt on his identity as Nakamoto to court.

Nick Marinoff
Nick Marinoffhttps://www.livebitcoinnews.com/
Nick Marinoff is currently a lead news writer and editor for Money & Tech, a San Francisco-based broadcasting station that reports on all things digital currency-related. He has also written for a number of other online and print publications including Black Impact Magazine, EKT Interactive, Seal Beach USA and Benzinga.com, to name a few. He has recently published his first e-book "Take a 'Loan' Off Your Shoulders: 14 Simple Tricks for Graduating Debt Free" now available on Amazon. He is excited about the potential digital currency offers, particularly its ability to finance unbanked populations and bring nations together financially.

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