Australian Entrepreneur, Craig Wright, Looks to Settle Multi-Billion Dollar ‘Satoshi’ Case


Australian businessman who outright claims that he is Satoshi Nakamoto is trying to settle a case on him that could potentially cost him a lot of money in terms of Bitcoin.

Ira Kleiman, who is the brother to Wright's business associate Dave Kleiman, filed a case in 2018 for $10 billion. He claims that Craig Wright is trying to get hold of Dave's bitcoin holdings.

In late August, Judge Bruce Reinhart ruled that the ‘Satoshi Nakamoto‘ wannabe was to hand over half of his intellectual property and bitcoin holdings to Kleiman's estate from before 2014. A Florida Federal Court Document submitted yesterday Sep 17, announced that Craig and the associate's estate have requested they be given some time before the decision is finalized.

It is in a bid to start settlement talks and agree on their terms. The document stated that they were holding good faith discussions on how to settle the matter amicably. It also noted that the two involved parties were requesting a 30-day extension of the case deadlines to enable these negotiations to take place.

The presented document said that arriving at a binding agreement was in the interest from both parties and the extension would enable them to put in all their efforts towards achieving that goal.

Satoshi Nakamoto Wannabe

Wright has been very notorious in the blockchain world. His name has come up basically on several occasions involving cryptocurrency. Two investigations done in December of 2015 by Gizmodo and Wired claimed that Craig could have been the inventor of Bitcoin. However, the reports that followed questioned Wright's legitimacy.

Ira made the law for the coins allegedly mined by the two business partners between 2011 and 2009. The net worth of these coins is estimated to be $10 billion, which is 1 million BTC. He is also suing Wright for not getting half the intellectual property rights.

From the look of things, it seems Kleiman's estate, and Wright could finally have an agreement and settle down the case. During the trial, the Magistrate never made a finding whether Craig is Bitcoin's creator Satoshi Nakamoto or not.

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