Craig Wright Attempts To Dismiss Billions In Bitcoin Denied


Infamous Craig Wright attempted to dismiss a lawsuit alleging him of misappropriating over 1 billion of dollars worth of Bitcoin from the estate of a former business partner. The court document was revealed to have been filed in the southern district of Florida on Thursday, show that the self-titled Bitcoin inventor tried to dismiss the case by stating that the statute of limitations has been exceeded, but the court denied it.

Lawsuit

The lawsuit was set up by Ira Kleiman on behalf of the estate of his late brother, Dave, whose work was connected to the earliest days of Bitcoin. A forensic computer investigator and author, Kleiman passed away sometime during 2013.

According to the information provided by court records, after having passed on, Wright, often nicknamed Faketoshi due to claims previously made of him being Satoshi Nakamoto and general lack of proof, was allegedly accused of conducting “a scheme against Dave’s estate to seize Dave’s bitcoins and his rights to certain intellectual property associated with the Bitcoin technology.”

In attempts to dismiss the case, Wright argued that Ira Kleiman’s claims are without merit and that the plaintiff lacks any grounds to file suit, calling the effort an “attempted shakedown” based on “a thin soup of supposition, speculation, conflicting allegations, hearsay, and innuendo.”

As Wright claimed, Kleiman knew nothing of his late brother’s activities related to Bitcoin until after his unfortunate passing. During that point, Wright claimed he himself informed Ira that his brother “might have left a legacy in the form of bitcoins and codes on hard drives held by the estate,” according to the motion to dismiss.

Currently, the number of misappropriated bitcoins remain undetermined, the lawsuit has estimated a total of BTC 1.1 million ($3.97 billion USD) that Wright supposedly stole. Although, the court documents with the dismissal denial states,

“The Amended Complaint alleges that Defendant converted at least 300,000 bitcoins (USD 1.1 billion) upon Dave’s death and transferred them to various international trusts, which was an unauthorized act that deprived the Plaintiffs of the bitcoins therein. Accordingly, Plaintiffs’ claim for conversion (Count I) survives Defendant’s Motion to Dismiss.” Elsewhere in the document, the court states that the exact number of bitcoin involved is yet to be determined, but the estate contends that it is “entitled to at least 300,000 bitcoins, along with their forked assets.

Craig Wright will have until January 10th, 2019, to respond to these recent events.


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Keith Wang

Keith Wang is a writer and programmer specializing in bitcoin and blockchain technology. Keith has been a long time believer of bitcoin and blockchain technology and spends his free time following up with blockchain news. You can contact Keith at keith@cryptomenow.com

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