The Federal Court of the Southern District of Florida ordered the retaking of Australian Craig Wright half of all bitcoins and intellectual property rights he owned until 2014, relatives of the deceased Dave Kleiman.
This, in particular, was written by a user of 22nd Century Crypto who was present at the meeting on Monday, August 26.
Bad news BSV.
KLEIMAN AWARDED 50%IP AND BITCOIN MINED BEFORE DEATH
JUDGE REJECTS ALL CSW TESTIMONY
FINDS CSW PERJURED LIED FALSIFIED DOCUMENTS
— 22nd Century Crypto (@22centurycrypto) August 26, 2019
He also noted that Judge Bruce Reinhart had rejected all of Craig Wright’s evidence, suggesting that he had provided false information and falsified documents. At the same time, the judge refused to confirm or deny the version whether Wright was the creator of bitcoin, hiding behind the pseudonym Satoshi Nakamoto.
It should be noted that before the decision comes into force, this decision must also be approved by a higher federal district judge, and Wright cannot demand a jury review. The process, however, will not be fast, as the Australian still has the right to appeal.
Recall that in February 2018, Ira Kleiman, brother of the late computer criminologist and mathematician Dave Kleiman, who is associated with the creation of bitcoin, sued Craig Wright, accusing him of embezzling 1.1 million BTC, which is allegedly belonged to Dave Kleiman.
In total, it is about $10 billion, but as noted by 22nd Century Crypto, if a higher court upholds the decision of Judge Bruce Reinhart, Ira Kleiman will have to pay a tax amounting to 40% of the amount awarded to him.
This means that he will either have to find somewhere “free” $2 billion or put up for sale a significant part of the coins awarded to him, which can negatively affect the price of the cryptocurrency.
Another problem is access to these assets. In an earlier meeting in late June, Craig Wright was unable to provide evidence that he had access to coins associated with the bitcoin maker.