Craig Wright Loses Case Against Dave Kleiman

Published on Unknown by Cryptovest Staff

The judge on the case refuted the claims that Wright was Satoshi Nakamoto, and ordered that 50% of the Bitcoin (BTC) held in the Tulip Trust be awarded to the estate of Dave Kleiman.

Craig Wrightis not Satoshi Nakamoto, at least according to the recent court decision in the case of Wright against the estate of Dave Kleiman. The case was closely watched by the crypto community, as Wright threatened to establish his authorship of Bitcoin - and then go on to destroy the market price of the leading coin, to benefit Bitcoin SV (BSV).

https://twitter.com/KatieAnanina/status/1166083984830410759

The convoluted tale of Wright arrived just days after he re-published the Bitcoin white paper in a social sciences repository. Wright’s claim to the authorship of Bitcoin was widely disbelieved over the years.

Wright’s case, starting about a year ago, was for the control over an alleged 1.1 million BTC held in the Tulip Trust, a vehicle that protected coins mined prior to 2013. Wright alleged that he controlled all the coins, and that he even mined the first blocks and received rewards based on the work of now-lost computers. During the course of the lawsuit, no overwhelming evidence was presented to point to the fact that Wright was Satoshi Nakamoto.

Now, the question is whether Ira Kleiman, Dave’s brother and executioner of the estate, would gain real access to the actual coins, or even wallets. Wright was not clear on how the Tulip Trust was set up, and who controlled the actual Bitcoin addresses and wallets. Potentially, gaining hold of early-mined BTC may also award the same amount of all the hard forks in the history of Bitcoin’s network, including Bitcoin Cash (BCH) and Bitcoin SV (BSV).

Wright’s claims and attempts to receive legal recognition and claim authorship of Bitcoin were used widely to bolster the appeal of the Bitcoin SV project. However, the news of losing the lawsuit failed to affect the BSV market price significantly. BSV followed the general market slump, losing about 3.7% to $129.18.