Craig Wright and the Satoshi Nakamoto farce: the postponement from the court
Bitcoin

Craig Wright and the Satoshi Nakamoto farce: the postponement from the court

By Matteo Gatti - 18 Sep 2019

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Craig Wright has obtained from the court a 30-day postponement which, for the time being, prevents the finalisation of the sentence. The entrepreneur, self-proclaimed Satoshi Nakamoto, is facing a trial that will cost him several billion dollars in bitcoin.

craig wright satoshi nakamoto

The dispute involves Wright and the brother of his late business partner Dave Kleiman who died in 2013. Satoshi Nakamoto disappeared in 2011, but in the meantime had mined 1.1 million BTC that he had placed in the so-called “Tulip Trust“.

This was managed by Satoshi Nakamoto, Dave Kleiman and Craig Wright. Dave Kleiman died in 2013, so once Satoshi disappeared and Kleiman died, Wright took over all the BTC mined by Satoshi.

Dave Kleiman’s brother, Ira, sued Craig Wright in 2018, demanding 50% of those bitcoins, the share belonging to his brother. Wright tried to defend himself by claiming to be Satoshi Nakamoto, the real owner of the BTC of the Tulip Trust. Wright, however, allegedly forged and falsified all the documents, which hindered the work of the court which, for its part, never believed him.

The court has decided that Wright will have to pay Kleiman’s brother half of the bitcoins of the Tulip Trust, equal to more than 5 billion dollars.

Craig Wright obtains a postponement

 

Before the final decision, Wright submitted a request to the South Florida District Court asking for more time to negotiate an agreement with Kleiman.

This is what emerges from the document:

“The parties are currently engaged in good faith settlement discussions. To that end, Dr. Wright and Plaintiffs respectfully request a 30-day extension of all discovery and case deadlines to facilitate these discussions”.

Negotiations are therefore underway and the two parties are currently working on terms and details. An agreement is in the interest of both parties, which is why the court has granted the 30-day extension.

Another legal battle for faketoshi?

Wright launched BSV (Satoshi Vision) stating that the cryptocurrency reflects Satoshi’s vision, despite the fact that he is not Satoshi at all. This, according to British podcaster Peter McCormack, has influenced many people’s decisions.

The host of “What Bitcoin did?” revealed that he was working to launch a class action not only against Wright but also against Calvin Ayre and Jimmy Nguyen for claiming that Wright is Satoshi Nakamoto, thus deceiving investors.

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