he true identity of the putative Bitcoin founder, who goes by the pseudonym Nakamoto Satoshi, may have finally been disclosed in a recent court judgement handed down in Miami, Florida, USA on Monday, December 7, 2021, in a lawsuit filed by the Kleiman family against Craig Wright in the United States District Court, District of Southern Florida, Kleiman v. Wright, case number 18-cv-80176.
On Monday, Craig Wright, an Australian computer scientist who claims to be the inventor of Bitcoin, won a civil trial judgement against the family of a deceased business partner who claimed it was entitled to half of a cryptocurrency wealth worth tens of billions.
Wright did not owe half of 1.1 million Bitcoin to David Kleiman’s family, according to a Florida jury.
A joint venture between the two men was awarded $100 million (€88.6 million) in intellectual property rights by the jury, which was a fraction of what Kleiman’s lawyers were asking for at trial.
David Kleiman, who was 46 years old at the time of his death, died in April 2013. His family has stated that David Kleiman and Wright were close friends and co-created Bitcoin through a partnership, led by his brother, Ira Kleiman.
Ira Kleiman, Dave Kleiman’s brother, made false statements, according to Wright. He testified that his acquaintance did not assist him in the creation of the coin and that there was no evidence of their collaboration.
Following a three-week trial, jurors in Miami federal court took roughly a week to reach a verdict on Monday, December 7th, 2021. The jury dismissed most of Craig Wright’s assertions, and the verdict is unlikely to settle the controversy over whether Wright is Satoshi Nakamoto, the fictitious creator of the peer-to-peer currency.
Dave Kleiman, a computer security expert who died in 2013, allegedly worked with Wright to build and mine Bitcoin in its early years, according to his brother. As a result, the plaintiffs claimed that the estate was entitled to half of a hoard of up to 1.1 million Bitcoins worth $53 billion that Satoshi is alleged to be holding.
Some bitcoin investors believe Wright is a fraud, and years of legal battles in Florida have not swayed the doubters. Wright has stated several times in court and in earlier news interviews that he invented Bitcoin. If the jury had returned a negative verdict, Wright would have been required to produce the Satoshi wealth. That, according to some, would have been the genuine test.
The trial revolved around 1.1 million Bitcoin, which was valued at almost $50 billion (€44.2 billion) based on Monday’s values.
“I have never felt so relieved in my life,” Wright remarked following the ruling. He stated that he will not file an appeal.
He also stated that he feels vindicated and that the verdict establishes his status as Bitcoin’s creator.
The jury found Wright guilty of conversion (illegally taking property) and awarded damages to W&K Info Defense Research LLC, the company through which Kleiman and Wright were supposed to collaborate.
Wright schemed and connived to steal from his dead best buddy through forgery and lies, according to Devin Freedman, counsel for plaintiff Ira Kleiman, in closing statements to the jury.
In addition to the Bitcoin mining the pals did together, the estate claimed that Kleiman assisted Wright in developing the intellectual property behind early blockchain technology, which was valued at $252 billion.
In the inventive and disruptive business of cryptocurrencies and blockchain, this is without a doubt a historical precedence.
Craig Wright revealed to the Kleiman family many years ago that he and Dave Kleiman had created breakthrough Bitcoin-based intellectual property. Despite these disclosures, it appears that Wright refused to give the Kleimans a fair portion of what Dave helped to produce.
These were among the first Bitcoins to be created through mining, and they could only be owned by people or entities who had been engaged with the digital currency since its inception, such as Satoshi Nakamoto, Bitcoin’s founder.
The bitcoin community will now be watching to see if Wright keeps his pledge to prove he is the owner of Bitcoin. This would support Wright’s assertion that he is Nakamoto, which he initially asserted in 2016.