Judge Orders Craig Wright to Give 50% of its Bitcoins to Plaintiff
Main page News, Bitcoin, Cryptocurrency
Hot topic
Aug. 27, 2019
178 178

Craig Wright, who claims to be Satoshi Nakamoto, the creator of the largest cryptocurrency by market cap, will have to give 50% of the bitcoins he mined between 2009 and 2011 as well as the intellectual property associated with the bitcoin software he developed during that period to David Kleiman's relatives.

Bruce Reinhart, Magistrate Judge for the Southern District of Florida, has rejected the testimony of the self-proclaimed Satoshi Nakamoto stating that he has committed perjury by providing falsified documents.

The case dates back to 2018, when David Kleiman's family sued Wright and demanded 50% of the 1.1 million bitcoins Wright and Kleiman had mined between 2009 and 2011 as well as intellectual property rights associated to the bitcoin software they had developed together.

Although the judge's decision has not been officially published, several sources familiar with the situation have confirmed the information.

In addition, it has been reported that Wright will not have the right to a jury trial and will not be able to oppose the order, although he can appeal.

Subscribe to our Telegram channel to stay up to date on the latest crypto and blockchain news.

Read also:
Please describe the error