- Craig Wright, who identifies himself as the creator of Bitcoin, won a US Appeals Court case on Thursday regarding the controversial cryptocurrency worth billions of dollars.
- The decision upheld Wright’s rejection of sanctions imposed on him for “intentionally obstructing the legal process,” as stated by the lower District Court.
- The decision validates a 2021 ruling by a Florida jury, which found that the Kleiman family had the right to half of the alleged billions of dollars’ worth of mined Bitcoin.
Craig Wright, who identifies himself as the creator of Bitcoin, won a US Appeals Court case on Thursday: Details from the US Appeals Court!
Craig Wright Triumphs in Bitcoin Case in the US
Craig Wright, who identifies himself as the creator of Bitcoin, won a US Appeals Court case on Thursday regarding the controversial cryptocurrency worth billions of dollars. Wright, who claims to be Satoshi Nakamoto, was not in a legal partnership with David Kleiman, whom he claimed to have mined Bitcoin with over a decade ago, the 11th Circuit judges said.
Kleiman’s estate is now represented by David’s brother Ira, and the Appeals Court judges stated that it “has not shown that the district court relied on an erroneous legal standard or clearly erred in its findings when it upheld Wright’s refusal to impose sanctions for obstruction of the legal process, as stated by the lower District Court.”
The decision validates a 2021 ruling by a Florida jury, which found that the Kleiman family had the right to half of the alleged billions of dollars’ worth of mined Bitcoin. Wright’s lawyers were supposed to challenge the brotherly relationship of the Kleimans, but the judges noted that this fact did not significantly influence the jury’s evaluations.
The appeal did not cover the $100 million ruling that Wright was required to pay in a separate dispute against a company founded by David Kleiman called W&K Info Defense Research.
Wright also filed a lawsuit in the United Kingdom
Wright filed a lawsuit in the United Kingdom against a group of crypto developers who refused to help him build a backdoor mechanism within a Bitcoin-based software for his company Tulip Trading, to regain access to the cryptocurrency he claims. In 2022, Norwegian judge Helen Engebrigtsen ruled that it was fair to describe Wright as a “fraud” for claiming to be Nakamoto, and this decision was later appealed.
