Self-Proclaimed BTC Creator Craig Wright Held in Contempt of US Court

Craig Wright has initially been held in contempt of a court in the US for not complying with requirements.
Wright needs to pay $143 million to a firm that sued him back in 2018 for stealing 1.1 million bitcoins.
Wright is an Australian computer scientist who openly says that he is the creator of Bitcoin.

A court in the United States has held Australian computer scientist Craig Wright in contempt for Wright’s failure to “truthfully and fully” comply with required information about an amount more than $143 million that he should have given to W&K Info Defense Research, a firm that sued Wright in 2018.

Read CRYPTONEWSLAND on

google news

For those who are not aware, Wright is the person who openly claims, to this day, that he is none other than Satoshi Nakamoto — the enigmatic creator of Bitcoin. Many people in the industry do not believe his claim for a number of reasons. However, Wright has taken them to different courts and in some cases, won.

Now, US District Judge Bruce Reinhart of the Southern District of Florida has initially held Wright in contempt for not supplying accurate information about the above-mentioned $143 million.

This was the amount awarded by a Miami jury to the said firm that sued Wright for allegedly stealing 1.1 million bitcoins from David Kleiman, Wright’s co-founder of the firm that died in 2013.

After Kleiman’s death, his brother Ira reinstated the said company and proceeded to sue Wright both for allegedly stealing the bitcoins as well as intellectual property related to Bitcoin from the firm.

Given today’s market prices, the 1.1 million BTC in question should be worth around $32 billion.

Read Also :

Jesus Dawal

Jesus Dawal Jr covers news related to the crypto space in Asia and in Australia, although he follows the latest events in the US and Europe as well. He is most interested in the blockchain gaming and regulation aspects of the industry.