US Judge Rules That Craig Wright Won't Forfeit #Bitcoin In Kleiman Casehttps://t.co/klTjIoB7mihttps://t.co/sp1hXNvDUR — John Morgan (@johnmorganFL) January 13, 2020
The judge delivered the sanction ruling last August in the long-standing court battle over an alleged 1.1 million Bitcoins which were mined by Wright and Kleiman in partnership in the early days of Bitcoin, shortly after Wright claims he invented it.
On January 10, it has been reported that according to court documents filed with a U.S. district court in Florida, Judge Beth Bloom ruled that Reinhart’s earlier sanction order was not proper.
As it has been reported earlier in August 2019, Reinhart ruled that Wright had perjured himself by presenting falsified documents, and recommended that he hand over 50% of the over 1 million Bitcoin he allegedly mined with Kleiman.
Even if the court accepted the deemed facts, this discovery abuse would remain “uncured,” as the court still does not know how much Bitcoin Wright owns.
It has been analyzed that the Kleiman estate filed a motion requesting legal costs of $658,000 in November 2019. This led Wright to immediately respond with a counter-motion, asking for this to be thrown out as both the hours worked and hourly rate was “unreasonable.”
Wright is not off the hook regarding the Bitcoin yet though. The judge ordered that Wright has time until February 3, 2019, to inform the court if a “mysterious bonded courier” arrives with the final key slice, so that he can access his Bitcoin holdings.
However, the judge questioned the plausibility of Wright’s previous assertion that this courier would deliver the slice by January 2020.
Thus, she said that the court should indulge him the opportunity.