Craig Wright request postponement in the case of 500.000 BTC

by in Cryptocurrency News

Craig Wright court

Craig Wright, the self-proclaimed first cryptocurrency creator, has requested another adjournment in his case against his former business partner, Dave Kleiman, in which the court ordered him to pay 500,000 BTC to Kleiman's relatives. This is written by the Cointelegraph.

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Wright’s lawyers filed a motion for a 30-day delay in providing all the necessary documents on September 17. As a reason, the document, among other things, indicated the need to facilitate ongoing negotiations with representatives of Dave Kleiman.

It also states that the parties have already reached a non-binding agreement to resolve the dispute and continue to discuss its final details. At the same time, according to Wright’s lawyers, the settlement agreement will meet the interests of both parties, and therefore, in fact, a 30-day delay is required.

In February 2018, Ira Kleiman, the brother of the late computer forensic scientist and mathematician Dave Kleiman, who is associated with the creation of bitcoin, filed a lawsuit against Craig Wright, accusing him of assigning 1.1 million BTC.

At the end of August this year, the Federal Court of the Southern District of Florida decided to recover from the Australian in favor of Kleiman's relatives half of all bitcoins and intellectual property rights that he owned until 2014. In total, we are talking about an amount of about 10 billion at the current rate, while if the higher authority upholds the decision, Ira Kleiman will have to pay a tax of 40% of the amount awarded to him.

It is also noteworthy that although during the trial the judge decided that Wright’s arguments were not trustworthy, he did not reject or acknowledge the Australian's claims to the title of creator of bitcoin.