Self-proclaimed bitcoin inventor largely prevails in $54 billion bitcoin trial -Breaking
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© Reuters. FILEPHOTO: This illustration shows Bitcoin as a representation. It was taken on November 29th, 2021. REUTERS/Dado Ruvic/IllustrationJonathan Stempel
(Reuters] – An inventor of Bitcoin, a computer scientist claimed on Monday that he won a Florida jury trial. The issue of whether half the bitcoin cache valued at $54 billion belonged to the estate of a former business associate was up for grabs.
Craig Wright was found not guilty by the Miami court. The jury also ruled that nearly every issue in the case, except for the fact that 50% of the $1.1 million in bitcoin at dispute belonged the Dave Kleiman family. Kleiman is a former partner and computerforensics specialist.
While concluding that Wright was not liable for fraud, jurors did award $100 million in intellectual property rights to W&K Information Defense Research LLC, a joint venture between the men. The trial started on November 1.
Wright posted a video message saying that Wright felt “remarkable good” about the outcome. There are many more battles. “We are determined to change everything: from cryptocurrency to digital money the way it was meant to be.”
Court papers show that Satoshi Nakamoto mined the bitcoins worth 1.1 million dollars. His whitepaper “: A Peer to-Peer Electronic cash System”, published in October 2008, described a system for mining bitcoin.
Wright claimed in 2016 that Nakamoto was his real name, but this was just a fake. This claim was disputed.
Kleiman’s family claimed that Wright and Kleiman were friends, business partners and that Wright took the bitcoin as a result of their relationship.
In a statement, lawyers for W&K and Kleiman’s estate said they were “immensely gratified” that the jury awarded the $100 million in intellectual property rights, and help give the Kleimans “their fair share of what Dave helped create.”
Dave Kleiman died in April 2013.
The Australia-born Wright, who later moved to London, in May sued https://www.reuters.com/technology/australias-wright-launches-lawsuit-over-57-bln-bitcoin-haul-2021-05-12 16 software developers to secure around 111,000 bitcoin now worth about $5.4 billion that he claimed he owns.
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