US District Judge Rules Craig Wright To Give Half Of His Bitcoins To The Estate Of Dave Kleiman
US District Judge Rules Craig Wright To Give Half Of His Bitcoins To The Estate Of Dave Kleiman
January 14, 2020
US District Judge Rules Craig Wright To Give Half Of His Bitcoins To The Estate Of Dave Kleiman
US District Judge Rules Craig Wright To Give Half Of His Bitcoins To The Estate Of Dave Kleiman
January 14, 2020

Bruce Reinhart, a United States District Judge, has ruled that a previous sanction ordering Craig Wright to give up half of his Bitcoins to the estate of Dave Kleiman will not stand.

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.

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However, the latest ruling states that this sanction was not proper, as the deemed facts, which Wright had an equal partnership with Kleiman, do not specifically relate to the discovery issue.

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.

Likewise, Judge Bloom concluded that Wright had not made a good faith effort to comply with discovery orders and should still pay the Kleiman estate’s attorney fees.

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.

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However, the judge questioned the plausibility of Wrights previous assertion that this courier would deliver the slice by January 2020.

Thus, she said that the court should indulge him the opportunity.

Source: cointelegraph.com


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Ishita Bora

Ishita Bora is a Senior Content Creator at Digital Notice Media Labs with experience of 1.5 years. She has completed her Master's Degree in Language and Linguistics in 2019 from Gauhati University, India. Her interest lies in blockchain technology and cryptocurrency space. She loves writing about blockchain and other blockchain-related articles.