Categories: Bitcoin

The Prolonged case between David Kleiman and Craig Wright Seems to Lean in Favor of Kleiman

Craig Wright Must Forfeit 50% of Bitcoin in Court Case

The case between David Kleiman and Craig Wright started in February last year. In this case, Wright was accused of stealing a huge number of Bitcoins, which is worth 5 billion U.S. Dollars approximately. Kleiman died in April 2013.

It seems that David Kleiman may have the upper hand in the prolonged legal wrestle between Craig Wright and him. Craig is the inventor of Bitcoin and Kleiman is the famous computer forensics expert. Recently, the Judge- Bruce Reinhart dismissed the testimony provided by Craig Wright. The testimony stated that Wright foreswears himself after giving the wrong documents to the court. He also falsely declared that he had access to more than 50 percent of the Bitcoins (that exceeded 1 million in number), which as per him, he mined with David Kleiman. Also, there was false evidence regarding the intellectual property rights that were linked with the Bitcoin’s software. According to sources.

As of now, there are no shreds of evidence of documents that explain the ruling. The case which was filed last year, the accusations were as follows. As per the case, he-

forged a series of contracts that purported to transfer Dave’s assets to Craig and/or companies controlled by him. Craig backdated these contracts and forged Dave’s signature on them.

Whereas, he, on the other hand, said that he passed on the critical information regarding funds and wallets to Kleiman before he died. This puts the case in a very difficult spot, and it makes it all the more difficult to locate the digital wallets and the related funds. Wright still stands for his stance on him being the creator of Bitcoin. He believes it so strongly, that he filed for the U.S. copyrights registration for the Bitcoin White Paper, back in May.

On this, the executive director of the non-profit organization Coin Center- Jerry Brito said-

Registering a copyright is just filing a form. The Copyright Office does not investigate the validity of the claim; they just register it. Unfortunately, there is no official way to challenge a registration. If there are competing claims, the Office will just register all of them.

Wright explained that in 2010 he stopped working on Bitcoin and further added that he ‘brought in’ his friend- Dave. He did so because Dave knew Wright as a person and given he was a forensic expert, it would be highly helpful to be able to clear any public recordings regarding Wright’s connections with Bitcoin.

Roxanne Williams: Roxanne Williams has recently joined as a market reporter for CryptoNewsZ - the 24/7 crypto news site, where she produces recent stories, technical analysis and price updates on world's leading cryptocurrencies.