Craig Wright fails to pay the court settlement with the Kleiman Estate and now the rumors have it that he is running low on cash. Let’s try and find out more about it in the latest crypto news today.
Wright failed to finance the court settlement and he still claims to be the creator of Bitcoin after being accused by the brother of the deceased David Kleiman of stealing bitcoins. The court document filed in the Southern District of Florida indicates that the so-called creator of Bitcoin, Craig Wright, pulled out of the settlement agreement where he agreed to give up his bitcoins that he has reportedly mined before 2014. However, now, Craig Wright fails to pay up.
Since the settlement has now been broken, the case will be taken back to court. At the end of August this year, Wright was held in contempt of court because he didn’t disclose the complete list of bitcoin addresses. He has holdings that amount to more than 1.1 million bitcoins. Back then, he claimed that the funds were inaccessible because they were heavily encrypted as well as because of the death of his former business partner, David Kleiman.
There were also many concerns that the self-proclaimed Satoshi Nakamoto could eventually have to turn over his holdings and this could cause a major BTC dump. It is also safe to note that the legal battles of Wright require a lot of resources. He has previously stated that he intends to take anyone to the court that denies he is the real creator of Bitcoin. One such case involved the popular crypto analyst and podcasts, Peter McCormack.
Wright filed a libel claim against Peter McCormack in the amount of 100,000 BP. McCormack has, of course, fought the case and even tried to prove that Wright is not the real creator of Bitcoin. Wright also said that Nakamoto lifted the entire sections of the thesis into the Bitcoin white paper. After realizing that he referred to Satoshi in the third person, Craig Wright also noted:
“Either I am Satoshi or Satoshi plagiarized me. You can make the choice, I don’t really care because he actually took whole paragraphs from my LOM. So it’s either me or… I don’t really care if you like it’’
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