Category Archives: Dave Kleiman

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Craig Wright Pulls Out Of Settlement With Kleiman Estate, Trial Back On For March 2020

Craig Wright and the Estate of Dave Kleiman have been in a legal battle over 1 million bitcoins that Dave Kleiman and Craig Wright mined during the early days of Bitcoin. Apparently Dave Kleiman and Craig Wright were keeping the bitcoins in a joint trust, and after Kleiman’s death, his heirs received none of the bitcoins. This is perhaps the largest Bitcoin-related court case in history since there are nearly USD 10 billion of Bitcoin at stake.

After a long series of court dates and discussions where Craig Wright seemed to be losing, Wright approached the Kleiman Estate and offered a settlement where he would hand over half of the Bitcoin he mined before 2014 and half of his intellectual property.

Without any notice, Craig Wright has pulled out of the settlement, and now the trial will begin as scheduled in March 2020. Aside from the unusual nature of pulling out of a settlement without any notice, a settlement which Craig Wright initiated no less, this has caused the Kleiman Estate to lose a significant amount of time that could have been used to get ready for the case, in addition to fees for tax specialists that were arranging the settlement.

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Craig Wright And Kleiman Estate In Talks To Settle Biggest Bitcoin Case In History

In late August, the judge overseeing the court case of Craig Wright v the Estate of Dave Kleiman ruled that the Estate of Dave Kleiman is entitled to half of Wright’s Bitcoin holdings. Apparently Wright and Kleiman mined 1 million Bitcoins together, so this would mean that Kleiman’s heirs would get 500,000 Bitcoins, which makes this the biggest court case for the digital asset in history.

However, Wright revealed no details of where the Bitcoins were, and claimed multiple times that he had no access to them. This would make it difficult for the heirs of Kleiman to actually get paid, and is also part of the reason that the judge ruled against Wright, since this was considered perjury.

In lieu of an official court sanction, now Wright and the heirs of Kleiman are in talks to settle the case. Both parties have asked for a 30-day extension of all court deadlines to have time to reach a settlement. Apparently, a non-binding agreement has already been reached between the heirs of Kleiman and Wright.

Due to the nature of settlements, it is possible that the public will never know what the settlement is, since privacy is often a condition of such settlements. If a settlement is reached the only thing the public would know is that the case is over, but probably not how many Bitcoins are involved, if any.

 

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Florida Court Orders Craig Wright to List Owned Bitcoin Addresses

Florida Court Orders Craig Wright to List Owned Bitcoin Addresses

Satoshi Nakamoto claimant Craig Wright has been ordered by a court in Florida to provide a list of owned Bitcoin addresses, which invariably might go a long way to prove whether or not he’s the real deal – Satoshi Nakamoto.

According to a Tweet by WizSec Bitcoin Research, a court order has been issued to Wright to produce the lists of owned Bitcoin addresses along with details about his alleged blind trust:

Craig Wright ordered by court to produce lists of owned bitcoin addresses along with details about his alleged blind trust: https://t.co/9bwaiiEECF

— WizSec Bitcoin Research (@wizsecurity) May 4, 2019

The court case involving Dave Kleiman v Craig Wright – the USD 10 billion lawsuit brought by Kleiman’s relatives that claimed Wright purportedly stole about 550,000 to 1 million Bitcoins from his supposed partner who helped developed the Bitcoin cryptocurrency shortly after the plaintiff died. Though Kleiman had died in 2013, the lawsuit which was filed by his estate last year seems to be taking a toll on the aberrant crypto enthusiast.

Many have argued that Wright isn’t the real Satoshi and that he has only spun contradictory stories to that effect. On the other hand, Wright refuses to back down and continues to claim he is the real Satoshi and has gone as far as suing anyone who has either called him a fraud or a liar.

Wright’s actions had an impact on the Bitcoin Satoshi Vision (BSV), as exchanges who were against his lawsuit filed against other crypto enthusiasts wanted to quiet him down, threatened to delist the asset from their exchange – they weren’t bluffing. Binance, Shapeshift and Kraken went on to delist the asset. Still, Wright maintained he was Satoshi.

Wright has been called to prove the only way the community can attest to the fact that he’s the real Satoshi. One Tweet reads: “The court should ask him to move the one million BTC between the cold wallets that Satoshi [owns]. That would be a good enough proof…”

Another bizarre happening in crypto space is the purported unveiling of Satoshi Nakamoto on gotsatoshi.com – captioned as the “Live Unveiling” and patronizing the curiosity of visitors to sign up for the unveiling. The countdown for the scheduled 14 May had begun over the weekend. Perhaps, another spinoff drama of Craig Wright’s I-Am-Satoshi satire, whatever the case, Bitcoin News will follow up on the outcome of the unveiling event.

 

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Nakamoto’s Colleague, Donor of BTC 15,678 Says Bitcoin’s Survival ”No Question”

Jeff Garzik, a close colleague of Satoshi Nakamoto, said that although Bitcoin may not have reached its original goal of being used as a private currency, there is ”no question” of its survival.

Garzik, who until 2014 was the third largest contributor to Bitcoin’s code, was responsible for giving away a developer’s bounty to encourage more workers onto the software in the early days of the currency, around seven years ago. He donated  15,678 bitcoins of his own funds, valued at over USD 100 million in today’s prices.

When Bloomberg probed him asking if he regretted this decision, the answer was clear: ”It was a question whether this thing would survive at all. And there’s no question of that today.”

While Garzik is proud of the strides Bitcoin has made, he admits that it has not become the private money he and Nakamoto had envisioned; recent analysis even suggests that its use in commerce is decreasing. The early days, Garzik says, were aimed at getting Bitcoin accepted by merchants, but now trends show it’s been treated more like an asset such as gold.

The software developer happily accepts this outcome, however, saying “It is an organism, it’s something that evolves,” calling its store-of-value ability an ”[unquestionable] success.”

In 2016 disputes between miners and developers over how to scale the network promoted Garzik to give up coding for Bitcoin, moving on to work on projects including cryptocurrency payment solution BitPay and blockchain enterprise service Bloq Inc.

Who is the real Nakamoto?

After working so closely with the notorious, anonymous Nakamoto, Garzik believes he has a good idea who the real man is. “My personal theory is that it’s Floridian Dave Kleiman,” he told Bloomberg, saying Kleiman’s work matches Nakamoto’s style of coding as they both exhibit exceptional, but notably self-taught, skill.

Kleiman is a former Florida sheriff officer turned computer forensics expert who passed away in 2013.

His estate is currently involved in a lawsuit with Craig Wright over Wright’s claim to be the real Nakamoto, with representatives of Kleiman alleging he stole both intellectual property and billions of dollars in Bitcoin from him.

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