Craig Wright Avoids $ 170 Billion Disaster In Trial Of Dave Kleiman’s Family, BSV Price Rises 21%

The self-proclaimed Bitcoin inventor Craig Wright avoided paying hundreds of billions of dollars to the family of computer scientist Dave Kleiman, who is said to have created Bitcoin with him.

Craig Wright

But Wright still has to pay $ 100 million to the company he and Kleiman started after a federal grand jury in Florida found him liable for unauthorized conversion of property – use other people’s property for your own use.

In 2018, a relative of Dave Kleiman sued Craig Wright, claiming he had violated a business partnership related to the invention of the bitcoin blockchain. The Kleiman family said that two people who worked under the Satoshi name mined around 1.1 million bitcoins in the network’s early years, but Wright appropriated the mined BTC after Kleiman’s death in 2013.

The Kleimans are asking for up to $ 170 billion – far more than the $ 25 billion Bitcoin is worth because it includes intellectual property tied to the network as well as physical harm.

It’s not going to happen. Last week the jury found it difficult to pass judgment and finally concluded that Wright was not responsible for any crime other than unauthorized conversion of property.

According to legal news site Law360, Wright said he was “extremely relieved by the verdict, which he called” not bad at all. ”

But the Kleimans were also happy about the verdict:

“We are very pleased that our client, W&K Information Defense Research LLC, has been awarded $ 100 million for the illicit misappropriation of Bitcoin-related assets by Craig Wright of W&K.”

Wright won’t appeal. If so, it would end a long legal chapter with no clear answers as to the identity of Satoshi Nakamoto.

Poor birth father to say The verdict means he is the sole creator of Bitcoin:

“The jury clearly stated that I am the creator of Bitcoin because there is no other decision.”

However, neither Wright nor his defense were willing or able to provide Nakamoto’s private key that could substantiate the claim that Wright invented Bitcoin – which was questionable from the start.

https://twitter.com/JimmyWinSV/status/1467910308953997314?ref_src=twsrc%5Etfw” target=”_blank” rel=”nofollow noopener
“Wright won the Kleiman case today after a resounding trial,” Wright told supporters.

The ruling raises even more questions, particularly how Wright planned to pay $ 100 million if he wasn’t an original bitcoin miner.

Wright has turned his back on Bitcoin in recent years to promote rival chains that he believes are closer to the network’s original conception. He supported the hard fork that created Bitcoin Cash (BCH) in 2017 before promoting an uprising against BCH that spawned Bitcoin SV (Satoshi Vision).

BSV. Price table | Source: Tradingview

BSV price is currently trading at $ 161 with a market cap of $ 2.5 billion, up 21% from the news but still well below its all-time high (ATH) of $ 489.75 almost 70%.

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