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Bitcoin ‘founder’ to keep 1m Bitcoin cache

A computer scientist who claims to have invented Bitcoin has won a court dispute that would allow him to maintain a billion-dollar stash of the cryptocurrency.
Craig Wright’s former business partner was not entitled to half of the assets, according to the jury.

As a result, Mr Wright will keep 1.1 million Bitcoins, valued at $54 billion (£40 billion).
He will, however, pay $100 million to Dave Kleiman’s family for intellectual property violation.

According to the family of Mr Kleiman, a computer security expert who died in 2013, the two men collaborated to build and mine the first Bitcoin, which Mr Wright then stole.
In 2008, a white paper issued under the pseudonym Satoshi Nakamoto detailed the creation of the cryptocurrency.

BBC news reported that Mr Wright has claimed to be Nakamoto since 2016, albeit this allegation has been debunked.
In the civil lawsuit, a Miami jury found Mr Wright not guilty on nearly all of the grounds raised by Mr Kleiman’s family.
W&K and Kleiman’s estate lawyers said they were “immensely thrilled” that the jury granted the $100 million in intellectual property rights, which will assist provide the Kleimans “their rightful part of what Dave helped establish,” according to a statement.
Mr Wright claimed the judicial decision proved he was the inventor of the groundbreaking digital asset.

“The jury has obviously found that I am because there would have been no award otherwise,” he said.

“This has been a remarkable good outcome and I feel completely vindicated,” Mr Wright said.

Author: Editor

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