The Plot Thickens as Craig Wright Brings Tulip Trust III Into the Picture, BSV Jumps 30%
The lawsuit by the estate of self-proclaimed Craig S. Wright’s late partner for half for 1.1 million BTC is seeing yet another twist.
On Jan. 6, Wright furnished over 400 new documents to the Florida court including the one that reveals the existence of yet another Tulip Trust. This third Trust allegedly holds the infamous 1,100,111 BTC.
Wright’s late partner Dave Kleinman’s brother Ira Kleinman pursuing the lawsuit claims that he is entitled to half of these 1.1 million BTC that is currently worth $8.7 billion.
The original Tulip Trust is the encrypted document containing the keys to the 1.1 million BTC that Wright said he locked away under Kleinman’s care. The Kleinman brother claims after the death of Dave Kleinman in 2013, Wright attempted to prevent the plaintiff’s family from accessing their portion of crypto funds.
The Curious Case of Tulip Trust I, II, & III
Though Wright claims he is the real Satoshi Nakamoto, proving this has been much harder. And as the case gets dragged on, it is mired in technical and legal jargon.
First Wright said he is unable to confirm how many BTC he has because they are stashed in several international blind trusts. But the judge on the case and Kleinman estate agreed that these trusts are critical to the lawsuit.
Wright then disclosed the Tulip Trust that allegedly has the encrypted document holdings of the private keys to his Bitcoin fortune.
Wright, however, has been accused of forging the documents as the Tulip Trust I was timestamped Oct. 2012 while it was created in 2015. According to Wright, this was because the document was scanned by an optical character recognition program using the newer font.
But Judge Reinhart said the document didn't add up that led Wright to talk about the Tulip trust II.
This Trust, Wright said will be delivered to him on Jan. 1, 2020 by a bonded courier but still, after closing into two weeks into the new year, he hasn’t confirmed that.
If you think Satoshi Nakamoto is waiting for a "bonded courier" from some "tulip trust" you are seriously f#$k'n stupid.
— ฿TF%$D! (@CryptoHustle) December 27, 2019
Now, this filing is the first mention of the Tulip trust III. Klienma’s lawyers aren't happy about it. And although Wright flagged it as “confidential” and could ask for it to be sealed, Kleinman's lawyers have agreed to keep things moving.
BSV Applauds Wright’s Efforts
The news of Wright producing a third Tulip trust has Bitcoin Satoshi Vision (BSV), the hard fork of Bitcoin Cash which has been the hard fork of Bitcoin Core, jumping 30% in a few hours.
At the time of writing, BSV has been trading at $147.85 as per Coincodex while managing $25 million trading volume on ten exchanges with real volume.