Plaintiff’s Representation Claims Craig Wright Didn’t Disclose Full Bitcoin Holdings

Craig Wright seems not to have complied with the court order to provide information about his Bitcoin holdings before December 31st 2013. Craig Wright is accused of seizing a shared holding of Bitcoin that he mined with Dave Kleiman between 2009 and 2011.

  • Craig Wright seems not to have disclosed his full Bitcoin holdings before December 31st, 2013
  • Wright is accused of seizing around 1.1 million in BTC he mined with Kleiman between 2009 and 2011

The Kleiman v Wright lawsuit continues to generate controversies in the crypto space. This time, a member of the plaintiff’s representation informed that Mr. Wright has not complied with a court order to inform about his Bitcoin holdings before December 21, 2013. Due to this situation, Wright may be held in contempt of court.

Craig Wright Has Not Complied With Court’s Order

According to Velve Freedman, part of Boies Schiller Flexner LLP, who represents plaintiff Ira Kleiman, explained on Twitter that Wright has not complied with the court’s order to list his Bitcoin as of 12/31/13. Freedman has also explained that Wright remains under an order to show cause why J. Reinhart shouldn’t issue sanctions under R.36 and order him to appear before J. Bloom and explain why he shouldn’t be held in contempt.

Peter McCormack, one of the individuals that were affected by Wright’s lawsuits wrote on Twitter that he didn’t comply with the court’s order.

Ira Kleiman, Dave’s brother, is accusing Craig Wright of seizing a shared holding of Bitcoin that both mined together between 2009 and 2011. This is why the plaintiff is now seeking the return of around 550,000 BTC that are allegedly held in the “Tulip Trust.”

Wright explained that seven trustees were named, including Wright, David Kleiman and also Uyen Nguyen. Thus, to have access to these Bitcoins is a difficult task because all the trustees have to unlock the funds based on Shamir scheme.

At the moment, there is no information on how the Federal court has ascertained the existence of Bitcoin that Wright disclosed, according to CoinDesk. The cryptocurrency lawyer Stephen Palley followed the case and explained that Wright could actually be held in contempt, civil or criminal. He would end up paying the fees of the other side.

“This is a huge pressure point in settlement negotiations which may or may not be happening,” Palley wrote on June 21 on Twiter.

Now, Mr. Wright has to appear for a deposition on June 28 at the U.S. District Court for the Southern District of Florida.

Bitcoin’s price is $13,776.70 BTC/USD exchange rate today. The real-time BTC market cap of $255 Billion currently ranks #1 with a chart dominance at 62.37%, daily trading volume of $6.47 Billion and live coin value change of BTC 1.70 in the last 24 hours.

Live Bitcoin (BTC) Price:

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Carl T
Carl T
Carl is a legend in cryptocurrency space for his long-storied experience, history and insights. He is a digital nomad who fell in love with bitcoin and its offspring for many years now and prides himself on delivering quality perspectives in the emerging world of crypto-assets and blockchain technology.

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