Bitcoin’s self-proclaimed inventor prevails in a Florida court case involving a $54 billion stash
According to reports, a computer scientist claiming to be the inventor of bitcoin won a majority of the jury’s decision in an appeals court in Florida over whether the estate of a former business partner should receive half of a $54 billion bitcoin cache.
A Miami jury found Craig Wright not guilty of nearly all charges stemming from the dispute, including the allegation that half of the 1.1 million bitcoins at issue belonged to the family of Dave Kleiman, Wright’s former business partner and computer forensics expert.
While Wright was found not guilty of fraud, the jury awarded W&K Information Defense Research LLC, the men’s joint venture, $100 million in intellectual property rights in exchange for their testimony. The trial began on November 1st.
“This has turned out to be an incredibly favorable outcome, and I feel completely vindicated,” Wright said in a video message to the public. “There will be more clashes to come in the future. All of this will be transformed, from cryptocurrency to digital cash in its most pure form.”
According to court documents, Satoshi Nakamoto was the one who mined the bitcoins worth 1.1 million. In his white paper “Bitcoin: A Peer-to-Peer Electronic Cash System,” published in October 2008, Satoshi Nakamoto described the framework for what would eventually become bitcoin.
Wright claimed to be Nakamoto, a pseudonym, in a 2016 statement. The assertion has been called into question.
It was claimed by Kleiman’s family that he and Wright were friends and business partners, but that Wright stole the bitcoin generated as a result of their association.
W&K and Kleiman’s estate said in a statement that they were “extremely gratified” that the jury awarded the Kleimans $100 million in intellectual property rights, which will allow them to “receive their fair share of what Dave helped create.” W&K and Kleiman’s estate said they were “extremely gratified” that the jury awarded the Kleimans $100 million in intellectual property rights.
Dave Kleiman passed away in April of this year.
Wright, who was born in Australia and later moved to London, filed a lawsuit against software developers in May, claiming to be the owner of approximately 111,000 bitcoin worth approximately $5.4 billion, which he claimed to have amassed over time.