Craig Wright, who calls himself the creator of the first cryptocurrency and demands from Bitcoin Core developers to give him back access to early Bitcoin addresses, was found guilty of unauthorized appropriation of property
The Miami jury has ordered the self-proclaimed creator of bitcoin Craig Wright to pay $ 100 million in compensation to W&K Info Defense Research.
This was reported by Law360 journalist Carolina Bolado. The jury acknowledged the conversion (unauthorized appropriation of property), and the rest of the claims were rejected.
Defense win on all claims except conversion. Jury awards $100 million to W&K Info Defense on that count. No punitive damages.
— Carolina Bolado (@CarolinaBolado) December 6, 2021
In 2019, Wright, who claimed that the pseudonym Satoshi Nakamoto belonged to him, tried to convince the court that his partner Dave Kleiman had allegedly given up his stake in W&K Info Defense Research.
Judge in Kleiman case denies Craig Wright's latest motion to get the case thrown out, emphasizing that Wright is not credible.https://t.co/5RH7dpLv0N pic.twitter.com/GpPpIhNENk
— WizSec Bitcoin Research (@wizsecurity) August 15, 2019
Analysts at WizSec found that the bitcoin addresses featured in the litigation never belonged to Wright or Kleiman. WizSec said the jury is trying to choose between “two wrong decisions.”
Neither Wright nor Kleiman owned any of the bitcoins claimed in the lawsuit: https://t.co/IGZadnBDqS
— WizSec Bitcoin Research (@wizsecurity) February 27, 2018
“Neither Wright nor Clayman had anything to do with the creation of bitcoin and did not mine BTC, so they argue over fictitious assets that never existed (or are trying to claim other people’s bitcoins),” the analysts said in a statement.
Reminder to the media that since Kleiman v Wright is based on false premises, the jury is just choosing between two outcomes which are both wrong.
Please do your research when reporting on the verdict. I'll be watching and scoring you.
Crash course thread:
— WizSec Bitcoin Research (@wizsecurity) November 30, 2021
In February of this year, Wright demanded that Bitcoin Core developers give him back access to two bitcoin addresses. One of these wallets may be associated with the hacking of the Mt.Gox cryptocurrency exchange.
