CraigWright
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Judge recommends bitcoin ‘creator’ turn over earnings in lawsuit
The self-proclaimed creator of bitcoin, Craig Wright, has been ordered to hand over half of his bitcoin earnings and intellectual property (IP) -- earned before 2014. They'll go to the estate of David Kleiman, who may or may not have co-created the cryptocurrency. The ruling, reported by CoinDesk, is the latest development in a $10 billion lawsuit. In 2018, Kleiman's brother accused Wright of fraudulently claiming that Kleiman signed over ownership and control of W&K, a company Kleiman ran. Wright was allegedly after Kleiman's Bitcoin earnings.
Bitcoin 'creator' slapped with $10 billion lawsuit
Craig Wright, the Australian who has previously claimed to be Bitcoin creator Satoshi Nakamoto, is the subject of a multi billion dollar lawsuit. Wright is being sued by the estate of David Kleiman, who was thought to have co-created the cryptocurrency with the Australian. Kleiman passed away in 2013, but Kleiman's brother Ira claims that Wright somehow appropriated his former partner's bitcoin hoard.
It doesn't matter who created Bitcoin
On Monday, Australian Craig Wright told journalists from the BBC, The Economist and GQ that he created Bitcoin. He asserted that he was the figure behind the pseudonym Satoshi Nakamoto and presented Nakamoto's own cryptographic keys as proof. Gavin Andresen, the chief scientist at the Bitcoin foundation, supported him, saying that he verified these as "keys that only Satoshi could possess." But no sooner had the news been made public than people begin to pick holes in the proof that Wright had provided. By Thursday, Wright had withdrawn his claim, saying he didn't "have the courage" to prove he was Satoshi Nakamoto. In four days, he went from being the man behind Bitcoin to a scam artist on the hunt for a little glory.
Craig Wright won't prove he created Bitcoin
As suddenly as Craig Wright declared himself the creator of Bitcoin, he now says that he won't attempt to prove it. In a strange blog post, the man who claimed to be Satoshi Nakamoto says that "I believed that I could put the years of anonymity and hiding behind me. But as the events of this week unfolded and I prepared to publish the proof of access to the earliest keys, I broke. I do not have the courage." He went on to say that the recent attacks on his qualification and character have taken a toll, and "I now know that I am not strong enough for this."
Craig Wright claims he is Bitcoin creator Satoshi Nakamoto
The search for Bitcoin creator "Satoshi Nakamoto" could be over, again. Almost two years since Newsweek erroneously doxxed a 64-year-old Japanese-American man living in California, the man himself has apparently come forward. So, who is he? According to a joint-investigation between the BBC, The Economist and GQ, the figure behind the cryptocurrency is Australian computer scientist Craig Steven Wright.
Police target the man identified as 'Bitcoin creator'
Australian Federal Police raided the home and offices of Craig Steven Wright, the man named in Gizmodo and Wired reports as the possible mind behind Bitcoin. A dozen officials entered a home he was renting and offices registered to him, telling a Reuters reporter they were "clearing house." They also directed any questions to the Australian Tax Office, which has yet to comment. Wright has had previous run-ins with tax officials, and Wired reported that he may possess Bitcoins "easily worth a nine-figure fortune." However, the Guardian reports that the raids are unrelated to any possible role that Wright had in creating the crypto-currency.
