Craig Wright of Bitcoin SV Won’t Escape Latest Crypto Lawsuit

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Dispute over Wright’s early holdings in Bitcoin will proceed in court amid demands for a delay.

Bitcoin SV chief Craig Wright is involved in another case involving the early days of Bitcoin. According to court records, this case includes a petition for $1 billion worth of Bitcoin.

The Case In Brief

The case concerns Ira Kleiman, who lodged a lawsuit on behalf of her late brother David Kleiman. Allegedly, half of Wright’s Bitcoin earnings were legitimately held by Kleiman, who mined Bitcoin with Wright in the early days of cryptocurrencies.

The case started when Kleiman filed a lawsuit against Wright in 2018. More documents relating to the case were produced in January 2020.

Wright most recently called for a summary judgment, which may have stopped the case from going to trial. Wright’s appeal was focused primarily on whether the alleged relationship concluded in 2011, making it too late for the case to proceed. His proposal was also based in part on whether there was an oral relationship at all.

Judge Denies Craig Wright’s Request

Now, in Florida federal court, an order signed by Judge Beth Bloom has dismissed Wright’s claims and refused his summary appeal. “In addition, the filing found that Kleiman and Wright actually did, based on past messages between the two people,” share control over [their] bitcoin private keys.

Who will finally win the case is not clear, but this does mean that the trial will move ahead starting in January 2021.

Wright and Bitcoin SV, in addition to the ongoing lawsuits, remain controversial for other reasons. The questionable assertion that he is Bitcoin creator Satoshi Nakamoto is also made by Wright. Moreover, the stability of Bitcoin SV has been called into question due to its small network and experimentally large block sizes.

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