Lawsuit may force Craig Wright to prove that he is Satoshi Nakamoto

Author: Adam Button | Category: Cryptocurrency

Wright has long said he is the inventor of Bitcoin

Australian computer scientist and businessman Craig Wright has claimed to be Satoshi Nakamoto for years.

He's often said he would provide proof but the various tidbits he's delivered have failed to live up to the hype and most think he's not telling the truth.

The reason he may have kept quiet, however, is that several of his associates will sue him for a portion of his enormous Bitcoin stash if he's proven to be the creator and have control of the long-dormant wallets.

One of them is Dave Kleinman, who helped him create the technology.Or more accurate Kleinman's estate. Kleinman died in 2013 after being confined to a wheelchair ‎following a motorcycle accident in 1995.

The lawsuit from his estate demands ownership of 550,000 and 1.1 million Bitcoins.

"As of the date of filing, the ‎value of these assets far exceed $5,118,266,427.50 USD," the estate's lawyers wrote in a statement.

If Wright is proven to be the owner and is forced to liquidate a portion of his coins or give them to the estate, it would put some downward pressure on Bitcoin, but that would likely come after years of litigation.

What's interesting is that it doesn't specifically claim Wright is Nakamoto but says he does have many Bitcoin.

"It is unclear whether Craig, Dave, and/or both created Bitcoin. For reasons not yet completely clear, they chose to keep their involvement in Bitcoin hidden from most of their family and friends. It is undeniable, however, that Craig and Dave were involved in Bitcoin from its inception and that they both accumulated a vast wealth of bitcoins from 2009 through 2013," the complain says.

Read more at Finance Magnates.

Full complaint:

Bitcoin Lawsuit by Bitcoin Lawsuit on Scribd

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