Court Fines Craig Wright For 50% Of His Bitcoin In New Case: Report

There is an ongoing legal battle between the self-proclaimed creator of Bitcoin (BTC), Craig Wright, and the estate of the computer scientist David Kleiman. As the latest cryptocurrency news show, the court fines Craig Wright for 50% of his Bitcoin in a new case.

According to a court audience member who tweeted on August 26, the Judge Bruce Reinhart first rejected Wright’s testimony and stated that he had perjured himself by providing the court with falsified documents and recommended that he handed over 50% of the over 1 million Bitcoins that Kleiman mined with Wright – along with the intellectual property rights associated with Bitcoin’s software.

Bad news BSV.

KLEIMAN AWARDED 50%IP AND BITCOIN MINED BEFORE DEATH

JUDGE REJECTS ALL CSW TESTIMONY

FINDS CSW PERJURED LIED FALSIFIED DOCUMENTS

— Live You're Best Life (@Cory_Seale_) August 26, 2019

For those of you who haven’t been following the latest updates posted by many best cryptocurrency news sites, this case began in February 2018 when lawyers first filed the case against Wright and accused him of stealing hundreds or even thousands of Bitcoin – which were at press time valued at over $5 billion – after Kleiman’s death in April 2013. Now the court fines Craig Wright for 50% of this amount, the news show.

Even though documents are currently not available about the ruling, an evidentary hearing for the case was scheduled for today about the plaintiffs’ motion for sanctions and/or contempt on the order compelling discovery.

When it comes to the market, there are a lot of mixed opinions. Some users think that Wright doesn’t have the Bitcoin (BTC) amount to pay these fines and others are concerned about the Kleiman family dumping – simply because they want to prevent paying tax bills or receiving them in the first place. In any way, these are only rumours considering the fact that tax people always want their fair share of the deal.

The latest Bitcoin and coming altcoin news show that the market has suffered from another dump which sent the total cryptocurrency market cap to $264 billion. The 24 hour trading volume is strong and sits at $50 billion, while the Bitcoin dominance is at 68.9% which is a good factor for Bitcoin itself.

The report showing that the court fines Craig Wright to pay 50% of his Bitcoin (BTC) are not expected to change a lot of things regarding prices.