The self-proclaimed “Bitcoin father” wins a $ 27 billion lawsuit

This corresponds to half of the bitcoins of Satoshi Nakamoto, the creator of the cryptocurrency.

The Australian computer scientist Craig Wright has just been won over in a procedure in Miami (USA). With the court’s decision, he will avoid paying more than 550,000 bitcoins to the partner, or something 27 Billion USD according to the BTC price at the time the judgment was pronounced.

Craig Wright claims to be Satoshi Nakamoto, the creator of Bitcoin. Photo: Coingeek.

Craig Wright has been sued by the family of his former partner, the late computer expert David Kleiman. Kleiman’s relatives claim they have evidence that the two scientists worked together and created Bitcoin on behalf of Satoshi Nakamoto. Therefore, the plaintiff claims the right to own half of the 1.1 million won BTCwhich is believed to belong to Satoshi Nakamoto.

However, the judge in the West Palm Beach Court found that the evidence presented did not prove that Wright worked with Kleiman in the development of Bitcoin. Prior to this, Craig Wright claimed that his late partner only helped him edit the Bitcoin whitepaper, but the two were not business partners when he created the digital currency. David Kleiman died in 2013.

Even without having to pay bitcoins in value 27 Billion USD, the court ruled that Craig Wright still had to pay 100 Million dollars for W&K Info Defense Research, its former joint venture with Kleiman, for copyright infringement.

“I feel exceptionally happy and validated. I am and I wasn’t a fraud, “said the self-proclaimed Bitcoin inventor.

The most interesting factor in this process concerns the true identity of the creator of Bitcoin. In 2008, the person nicknamed Satoshi Nakamoto published a white paper describing a vision of some kind of “peer-to-peer electronic money” that could bypass government control.

Satoshi Nakamoto’s identity is still a mystery. Photo: Newsweek.

A few months later, Nakamoto released software that allows users to mine bitcoins with their computers. According to statistics from many experts, the “father of Bitcoin” holds around 1.1 million BTC after some time of digging.

Nakamoto continued to contribute to the Bitcoin project through 2011, then informed his staff that he was about to move on to other projects. Satoshi Nakamoto has not performed since then.

Many people are said to be Satoshi Nakamoto, including Craig Wright. These are mostly programmers who were involved in the early Bitcoin project. However, nobody has proven to be the creator of Bitcoin.

Prior to the court ruling, Craig Wright said he would prove he owns VND 1.1 million BTC by Nakamoto. However, Wright’s statement always met with skepticism in the community.