{"id":112536,"date":"2019-08-26T15:16:03","date_gmt":"2019-08-26T22:16:03","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=112536"},"modified":"2019-11-07T02:51:48","modified_gmt":"2019-11-07T02:51:48","slug":"craig-wright-loses-kleiman-case-billions-bitcoin-awarded","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/craig-wright-loses-kleiman-case-billions-bitcoin-awarded\/","title":{"rendered":"Craig Wright loses Kleiman case\u2014billions in Bitcoin awarded to Kleiman estate"},"content":{"rendered":"

Craig Wright<\/a> lost the Kleiman case<\/a>. The judge ordered<\/a> Wright to part with half of his pre-2014 Bitcoin\u2014worth over $5 billion\u2014to the Kleiman estate, alongside considerable intellectual property.<\/p>\n

The Southern District Court of Florida magistrate Bruce Reinhart recommended that Kleiman\u2019s estate be awarded half the Bitcoin and intellectual property Wright held prior to 2014.<\/p>\n

In 2018, Ira Kleiman, the brother of Wright\u2019s late business partner Dave Kleiman<\/a>, sued Craig Wright for allegedly attempting to appropriate the estate\u2019s massive 1.1 million BTC holdings held in a family trust. These coins were jointly owned between Wright and Kleiman.<\/p>\n

Over the course of the year-long court battle, it appeared that Craig Wright was attempting to forge documents<\/a> and lie<\/a>, under penalty of perjury, in an attempt to claim right over Kleiman\u2019s $5 billion in Bitcoin. These coins were acquired through Florida-based W&K Info Defense Research<\/i>, a company the two used to mine during the early days of the protocol.<\/p>\n

Today, the judge reaffirmed that Craig Wright was indeed acting in bad faith in court. The judge rejected Wright\u2019s testimony, found that he perjured himself, found him in contempt<\/a> of court, and found that he falsified documents, according to court documents<\/a>.<\/p>\n

That said, the judge did not determine whether Wright was Bitcoin\u2019s creator, Satoshi Nakamoto. Though his behavior in court certainly calls into question his claims to the title.<\/p>\n

Meanwhile, shortly after the ruling, Craig Wright's partner, Calvin Ayre<\/a>, insinuated that Bitcoin SV<\/a> won't be impacted by the ruling.<\/p>\n

\n

Though #CraigisSatoshi<\/a> and this will be obvious to all in time (it is already to everyone smart), this is now moot. Real #Bitcoin<\/a> #BSV<\/a> is beyond any one person now…it is the worlds top utility platform with its unique in the world massive scaling and Craig did this for sure.<\/p>\n

— Calvin Ayre (@CalvinAyre) August 26, 2019<\/a><\/p><\/blockquote>\n