Craig Wright Loses Court Case Owes 500,000 BTC
A legal battle involving Craig Wright, the self-proclaimed creator of Bitcoin, and the brother of programmer David Kleiman, who accused him of misappropriating a share of the deceased’s cryptocurrency in favor of the latter.
According to the court ruling, Craig Wright is obliged to transfer to the plaintiffs 50% of all military-technical cooperation (more than 0.5 million coins) and intellectual property, which he owned as of December 31, 2013.
In addition to the fact that the self-proclaimed Satoshi Nakamoto must transfer $ 5 billion worth of cryptocurrencies (at the exchange rate at the time of this writing), he also cannot challenge this decision and does not have the right to a jury trial, but can appeal. During the trial, the judge stated that he broke his oath by providing false documents.
New proceedings may start on this matter..
The case began with a statement from the brother of Wright’s ex-partner, Dave Kleiman, with whom they jointly mined bitcoins..
Although some procedural issues will still need to be resolved to close it, in fact it has already been completed..
However, the judge said nothing about the registration of copyright rights by Craig Wright on WP and the original bitcoin code.
Although the crypto community considers such a court decision to be fair, traders fear that a huge amount of military-technical cooperation can be brought to the market in a short period of time, in the event of a quick sale of coins by the plaintiff, or defendant, to pay 40% of the property tax.
text: Ivan Malichenko, photo: telegra