The development of the ongoing legal dispute that involves Craig Wright has led to him submitting 428 documents to the plaintiffs and the legal counselors marked the paper ‘’Tulip Trust III’’ as confidential. The developments led the BSV price to skyrocket by 25% as we are reading further in the bitcoin cash news.
The price of the altcoin surged on Friday when the self-proclaimed Bitcoin creator provided the plaintiffs the documents with details about the trust that holds billions of dollars worth of bitcoin. The legal counselors marked the Tulip Trust documents as confidential and their decision raised suspicions that Wright was involved in the mining of the first batch of bitcoin along with Dave Kleiman. The BSV-to-dollar exchange rate established a new intraday high of $150.68 and the gains happened despite the low performance across the top ten cryptocurrencies:
“I’ll probably get sh** for this, but wow, BSV kicking a$$. Up considerably from where it was just a short while ago.”
The district court in Florida last year ordered Wright to pay more than 500K in bitcoin to the Ira Kleiman, the brother of the late Dave Kleiman after they found Wright guilty of stealing the funds through forgery. The controversial Craig Wright said that he and Dave locked all of the funds in a Tulip Trust that was digitally encrypted and added further that he had no access to the Trust since all of the information about it he will obtain on January 1, 2020:
“As I’ve explained in court proceedings, I believe I will receive information in January 2020 that will enable us to identify coins I mined into my companies in 2009 and 2010, but cannot be certain that all of that information will in fact arrive.’’
A few days before the date, Wright told Bloomberg in an interview that the bond courier was supposed to deliver him the details of the Trust, never arrived. His comments sparked criticism from the crypto users and many called him a liar and a scammer. By filing the document in the court with the Tulip Trust name, the Bitcoin SV founder raised the possibility of having information about the lost coins.
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If they exist, he can prove that he was indeed a part of the team that invented bitcoin.
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