The “King of Cryptocurrency” creator was slapped with $10 Billion lawsuit filed by his former business partner.
Craig Wright is being sued by the estate of his former business partner.
Craig Wright, the Australian who has previously claimed to be Bitcoin creator Satoshi Nakamoto, is the subject of a multi billion dollar lawsuit.
The “creator” is being sued by the estate of David Kleiman, who was thought to have co-created the cryptocurrency with the Australian.
Kleiman passed away in 2013, but Kleiman’s brother Ira claims that Wright somehow appropriated his former partner’s bitcoin hoard.
According to Motherboard, either Wright and Kleiman were involved in the creation of Bitcoin, or were there moments after the platform was created.
Consequently, they apparently had access to mining tools at its earliest time, enabling them to rack up a small fortune in cryptocurrency.
The pair are thought to have controlled anything up to 1.1 million BTC, although it’s clear that nobody knows the figures for sure.
The case comes after Wright’s conduct shortly after Kleiman died in 2013, and Wright subsequently contacted Kleiman’s elderly father.
Wright stands accused of fraudulently claiming that David Kleiman had signed over ownership and control of W&K, a company Kleiman ran, to Wright.
Furthermore, he supported this with documents that, as far as Ira Kleiman is concerned, were fraudulent, and signed with a fake signature.
The lawsuit contends that the value of the contentious Bitcoin, and any associated intellectual property, is worth anything between $5 billion and $10 billion. It also claims that Wright once admitted that the signature used on the documents was computer-generated. The document also highlight’s Wright’s history of problems with the Australian Tax Authorities that included the back-dating of crucial documents.