Craig Wright loses Kleiman case—billions in Bitcoin awarded to Kleiman estate

Craig Wright lost the Kleiman case. The judge ordered Wright to part with half of his pre-2014 Bitcoin—worth over $5 billion—to the Kleiman estate, alongside considerable intellectual property.

The Southern District Court of Florida magistrate Bruce Reinhart recommended that Kleiman’s estate be awarded half the Bitcoin and intellectual property Wright held prior to 2014.

In 2018, Ira Kleiman, the brother of Wright’s late business partner Dave Kleiman, sued Craig Wright for allegedly attempting to appropriate the estate’s massive 1.1 million BTC holdings held in a family trust. These coins were jointly owned between Wright and Kleiman.

Over the course of the year-long court battle, it appeared that Craig Wright was attempting to forge documents and lie, under penalty of perjury, in an attempt to claim right over Kleiman’s $5 billion in Bitcoin. These coins were acquired through Florida-based W&K Info Defense Research, a company the two used to mine during the early days of the protocol.

Read more at CryptoSlate

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