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Kleiman sues the self-proclaimed "Satoshi" for $5 bln worth Bitcoin

Feb 28, 2018 Posted /  3645 Views

Kleiman sues the self-proclaimed "Satoshi" for $5 bln worth Bitcoin

Craig Wright who is self-proclaimed "Satoshi" is sued for $5 bln. Wright is a chief scientist of nChain and has got popularity by claiming that he is the real face behind the pseudonym, "Satoshi Nakamoto." However, recently the estate of David Kleiman brought a suit to the United States District Court of Southern District of Florida. The Southern District comprises the counties of Broward, Dade, Highlands, Indian River, Martin, Monroe, Okeechobee, Palm Beach, and St. Lucie.

David Kleiman is also one of the renowned names in the technology world. Kleiman was a computer scientist and cyber-security expert who is believed by many as one of the leading developers in Bitcoin and Blockchain technology. According to the documents doing rounds on Reddit, the plaintiff alleges that Wright has robbed some hundreds of thousands of Bitcoin which accounts to over $5 bln dollars at today's rate from David Kleiman's estate.

The plaintiff has presented statements asserting that Wright understood that Kleiman's friends and family were originally ignorant of the wealth he expanded. The grievance recorded by the estate says that Wright recognized the circumstances and “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.”

The plaintiff maintains in the document, citing that after David Kleiman’s death on April 26, 2013, Wright communicated in writing to Kleiman’s estate revealing that he and David had worked mutually to develop Blockchain and Bitcoin.

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The estate claimed that Wright cleverly manipulated the documents and maintained that Kleiman had signed away any powers on wealth or intellectual property right in exchange for a share in a non-controlling and a non-functioning Australian company. The plaintiff further disclosed that Wright estimated the share was worth "millions" and informed the estate that he would sell the shares of the Austrailian company on behalf of the Kleiman's in few months.

However, it turned out to be a white lie, and the company went bankrupt, and Wright also misled the Australian Taxation authorities- the Australian Taxation Office (ATO). Australian police had raided Wright’s home back in 2015, but it turned out that Wright had fled to the United Kingdom from Australia.

The plaintiff maintains that Wright hasn’t returned till date and there is no return for any of the bitcoins or the intellectual property rights of the Kleiman estate. The lawsuit is “brought to rectify that injustice.”

Kleiman is soliciting compensation for the intellectual property including $ 5 bln worth of Bitcoin from Wright. On the other hand, Wright is no more persistent on the claims that he is Satoshi Nakamoto. So far, there has been no lawsuit filed to define the identity of the person, and it may require a different set of proceedings to do so. However, Wright wrote one word on Twitter after the lawsuit: Greed.

Bloomberg reported on the case- It is Ira Kleiman v. Craig Wright, No. 18-cv-80176, U.S. District Court for the Southern District of Florida.

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Tags: bitcoin Craig Wright

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