Ibahagi ang artikulong ito
Ex-Wife’s Testimony Suggests Craig Wright 'Defrauded' Court, Kleiman Lawyers Claim
The legal team for the estate of David Kleiman said Ms. Wright's submission cast doubt on the nature of the Tulip Trust at the heart of the lawsuit.
Ni Paddy Baker
Make us preferred on Google
Recent testimony from Craig Wright’s ex-wife suggests he misled the court on the nature of the Tulip Trust, an entity key to the ongoing Kleiman dispute, lawyers for the plaintiff claim.
STORY CONTINUES BELOW
Huwag palampasin ang isa pang kuwento.Mag-subscribe sa State of Crypto Newsletter ngayon. Tingnan lahat ng newsletter
- In a motion last month, Lynn Wright, the ex-wife of Craig Wright, claimed she had previously owned one-third of her former husband's firm, W&K Info Defense Research.
- Ms. Wright claims her transferable interest in W&K moved into one of Wright's other companies in 2012, Craig Wright R&D, which ultimately changed its name to "Tulip Trust," and that she only regained ownership interest again in July 2020.
- The Tulip Trust is an entity claimed to hold the million bitcoin (around $12.6 billion at press time) at the heart of the dispute.
- Disputing the filing's validity Tuesday, lawyers for the estate of David Kleiman, Craig Wright's late business partner, said Ms. Wright's testimony means Craig Wright's previous assertions that the Tulip Trust was a blind trust – an entity run independently of its beneficiaries – was not true.
- "[T]he infamous “Tulip Trust” is now apparently just a name change of a company affiliated with Dr. Wright, it is not a “blind trust” as previously alleged," Kleiman's lawyers said.
See also: 4 Experts Agree: Craig Wright’s Latest Cryptography Claims Are ‘Nonsense’
- Kleiman's legal team asserts the inconsistencies in Ms. Wright's submission come from it apparently being intended to "defraud" both them and the court.
- They also claim there is no proof Ms. Wright owned, relinquished or regained interest again in W&K.
- Ms. Wright's motion asserted Ira Kleiman was not authorized to take his dead brother's position at W&K, thereby, she claims, invalidating the entire case.
- Although Ms. Wright split from her husband in 2010, part of the divorce settlement, according to the motion, gave her half of the company; she also asserts the "W" in W&K refers to her, not her husband.
- Tuesday's filing is part of an opposition to Craig Wright's push for a motion of summary judgment – a judgment without a full trial.
- The Kleiman estate is suing Wright for half of the bitcoin in the trust, as well as intellectual property.
See also: Kleiman Bitcoin Case Heads to Trial as Motion for Sanctions Against Craig Wright Is Denied
See the full motion below:
More For You
More For You
Ripple's Brad Garlinghouse says CLARITY bill has '90% chance' of passing by April
The bill would clarify which digital assets fall under securities law versus Commodity Futures Trading Commission oversight.
What to know:
- Ripple CEO Brad Garlinghouse said he now sees a 90 percent chance that the long-debated Clarity Act will pass by the end of April, citing renewed momentum in Washington.
- The bill would clarify which digital assets fall under securities law versus Commodity Futures Trading Commission oversight, addressing long-standing regulatory uncertainty that Garlinghouse says has weighed on innovation.
- Ripple, which has spent nearly $3 billion on acquisitions since 2023 and is now pausing major deals to focus on integration, argues that both crypto firms and traditional financial institutions increasingly want clear rules as attitudes toward digital assets shift.
Top Stories
