Craig Wright Presents New Information About Bitcoin Trust In The Ongoing US Lawsuit

  • New information was released regarding Craig Wright’s lawsuit
  • Mr. Wright claims to be Satoshi Nakamoto
  • New information has been revealed today regarding the ongoing lawsuit in the United States that was filed against Craig Wright, who claims to be Satoshi Nakamoto, the creator of Bitcoin (BTC). This information from the Kleiman v. Wright case provides details about Wright’s purported ownership and trustee scheme of the Tulip Trust. Apparently, this Bitcoin trust holds more than 1 million BTC.

New Information Revealed From Kleiman vs. Wright Case

According to this filing, in order to have access to these funds, it is necessary to have the participation of all the trustees, but one of them has not been in contact for several years. However, the new document filed on May 8 shows that there is another Tulip Trust that is called Tulip Trust II.

A federal court has ordered Wright to disclose his Bitcoin addresses in the case in which Ira Kleiman sued Mr. Wright on behalf of the estate of his brother, Dave Kleiman. Now, Kleiman is seeking half of the 1.1 million Bitcoins the two mined together or fair market value. Wright is due for deposition in Florida on June 28.

Wright’s court declaration names seven trustees that include Craig Wright, David Kleiman, and Ms. Uyen Nguyen. Moreover, the Australian entity Panopticypt Pty Ltd. was also named alongside an unnamed Seychelles company and CO1N Ltd. The final trustee listed is the holder of PGP key IDs, Satoshi Nakamoto.

Wright explained that the trust encrypted using a method that was called Shamir’s Secret Sharing Algorithm. In order to be able to access them is necessary to have the collective private keys.

Wright claimed about the accessibility of the funds:

“Access to the encrypted file that contains the public addresses and their associated private keys to the Bitcoin that I mined, requires myself and combination of trustees reference in Tulip Trust I to unlock based on Shamir scheme.”

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