U.S. District Court to Continue $1 Billion Lawsuit Against Craig Wright

Dec 29, 2018 at 19:00 Update Date :Dec 29, 2018 at 19:00 UTC

The chief scientist of a blockchain firm and the so-called self-proclaimed creator of Bitcoin, Craig Wright, has filed a motion against the $1 billion dollar lawsuit that accused the creator of stealing Bitcoins, which belongs to a business partner. The United States District Court has decided to continue imposing $1 billion lawsuit against Craig Wright. This lawsuit has been processing in the court since February.

The Lawsuit against Craig Wright Will Continue: Judge

As per the reports, a ruling was delivered by Beth Bloom in South Florida, in which the United States District Court judge denied two major counts took forward by the plaintiff and Ari Kleiman, clearing that Craig Wright has to deliver seven counts before 10 January 2019.

It all started from a business partnership that Craig Wright started with Ari’s brother, late Dave Kleiman. The surprising fact is, at one time the same collaboration was worth more than $10 billion. However, the same valuation was eaten by the bear seen in the crypto market.

Dave Kleiman was a multi-talented person. He first began his journey by being a cryptographer, author, and later a forensic scientist. He has co-founded a company with Craig Wright, W&K Info Defense Research LLC, to do bitcoin mining. He was the registered agent and the managing member of the same firm. Other roles like the lead researcher, technical contact, representative, and director agent were led by Craig Wright.

Five years ago, after the death of Dave Kleiman, Craig Wright was battling a case with Methicillin-resistant Staphylococcus aureus (MRSA), where there were allegations on Craig Wright that he was illegally transferring Bitcoins from the W&K’s account to his personal account. Plaintiff says that the estate of Kleiman is estimated to be around 300,000 BTCs added to the forked assets like Bitcoin Cash and Bitcoin Gold.

The case was filed in February over the allegations that Wright has stolen more than 1.1 million Bitcoins, worth $10 billion that time. Further, lawsuit estimated the estate (based upon the ownership graph of W&K) was owned between 550,000 to 1,100,000 Bitcoins.

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