Earlier this week, the U.S court in Florida has ordered the self-proclaimed bitcoin inventor Craig Wright to hand half of his bitcoin holdings, the value of which is believed to be somewhere around $5 billion, to the estate of David Kleiman. The family of Kleiman, who himself passed away in 2013, could soon make it to the list of the super rich. But will they?
Craig Wright is an Australian computer scientist and businessman. He has claimed to be the main part of the team that created bitcoin, and the identity behind the pseudonym Satoshi Nakamoto. The allegations were first distributed to the media in 2015, as part of two parallel and privately held investigations by Wired and Gizmodo. In 2016, Wright himself confirmed the information before BBC. Subsequent reporting, however, raised concerns that Wright was engaged in an elaborate hoax.
The name of another man, who was believed to be part of this team, also emerged as being the other main figure involved in the invention of the infamous cryptocurrency – Dave Kleiman. The possibly forged emails that were published by Gizmodo in regards to their investigation, point out to Kleiman as a close partner of Wright that teamed up with him to develop and launch the infamous cryptocurrency. Namely this has later given ground to Kleiman`s family, in the face of his brother – Ira Kleiman, to initiate a lawsuit against Wright over the rights to between 550,000 and 1,100,000 bitcoins.
Earlier this week, the US district court in Florida ruled that half of the bitcoin mined and half of the intellectual property held by Wright from that time belongs to Kleiman, which makes Wright legally obliged to Kleiman`s heirs. Reportedly, they have to receive the equivalent of $6-7 billion.
Despite the decision of the court, there appears to be a major problem that might possibly hinder the execution of the hand-over. Wright told the court that he couldn`t access the bitcoin, because he doesn`t have access to the public addresses of that bitcoin. He claimed that when he saw that bitcoin has started to be widely used and associated with the illegal transactions of drug dealers and other criminal structures of the underground, he put the bitcoin that he mined earlier into an encrypted file and into a blind trust, which was later divided into numerous key slices that he sent to Kleiman, who on his side, distributed them to people through the blind trust.
Is this so and will it turn to be a major problem for the decision of the court, we expect to see.
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