Rajarshi Mitra
Independent Analyst
- If true, the fortune would allow him to pay the allegedly owed amount to his ex-business partner, Ira Kleiman.
- However, Wright has said that he’s not able to access the Bitcoin trove as it has been moved to a blind trust.
Lawyers of Craig Wright, a computer scientist who claims to have invented Bitcoin, have said that Wright has received the digital keys to a fortune, which would give him access to around $8 billion worth Bitcoin. If true, this would enable Wright to complete the payment that he allegedly owed to the estate of his ex-business partner, which has sued him for about half of that.
The notice of compliance that was filed in the Southern District of Florida says that “Dr. Wright notifies the Court that a third party has provided the necessary information and key slice to unlock the encrypted file, and Wright has produced a list of his bitcoin holdings, as ordered by the Magistrate Judge, to plaintiffs today.”
For the past year, Wright has been involved in a lawsuit with Ira Kleiman. According to Wright, he invented Bitcoin with Kleiman. After learning about Wright’s supposed identity, Kleiman sued Wright stating that his estate should be entitled to roughly half of the one million Bitcoins, which Wright claims to have mined in the early days of Bitcoin.
However, Wright has said that he’s not able to access the Bitcoin trove as it has been moved to a blind trust. He added that a “bonded courier” will deliver the find keys by the end of January 2020. The Florida judge, having already deemed Wright “not credible” to provide documents in a deposition that appeared to have been forged, has given Wright time till February 3 to wait for the courier.
The court has also urged Wright to pay 500,000 Bitcoin (around $4 billion) that is allegedly owed to Kleiman. Wright, who had first agreed to pay the settlement amount, has now abandoned it as he was not able to finance it, and the trial has begun anew.
Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Recommended Content
Editors’ Picks
Shiba Inu price stagnancy brings investors’ losses to a 28-month high
Shiba Inu has been rather dormant these past four weeks, which is bearing a negative impact on the investors. The meme coin market has been struggling to make headlines as the lack of increase in altcoin’s market value has left investors in peril, which is now driving them to pull back and wait until SHIB starts rising again.
LDO sees lowest cumulative volume in ten months as Lido DAO price struggles to breach key barrier
Lido DAO price is up over the past day as the market shifted its stance despite the SEC announcing a delay in the spot Bitcoin ETF applications of BlackRock among other applicants. However, this one-day rise is not enough for the likes of LDO that have been failing in recovering for a few weeks now.
THORChain leaps 12% with soaring open interest as RUNE targets a peak of its current range
THORChain is testing a crucial multi-month obstacle after a remarkable climb. The move has completed the altcoin’s recovery rally following the 15% fall of September 27. RUNE has outperformed the broader market, with Bitcoin and Ethereum recording only up to 3% in daily gains.
Chainlink and Australia’s ANZ Bank issue AUD-stablecoin to successfully test interoperability
Chainlink put itself on the map with the help of its real-time data-feeding Oracles and is now in the spotlight for its interoperability protocol. Through this protocol, the blockchain project intends to not only connect two or five chains but also create the world’s largest liquidity layer, starting with Australia’s second-largest bank.
Bitcoin: BTC recovery rally could be bull trap in disguise, here’s why
Bitcoin (BTC) price remains unfazed even after the multiple spot BTC ETF delays from the US Securities & Exchange Commission (SEC). But investors need to be careful with the ongoing BTC rally as it could be a trap for early bulls.