Satoshi Nakamoto
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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's elusive creator allegedly found... again
Because Bitcoin creator Satoshi Nakamoto has chosen to remain anonymous, the whole world is obsessed with unmasking him, her or them. This obsession has gotten to the point where reporters have harassed an elderly Californian with the same name on a multi-car chase through LA. Now, however, an anonymous hacker (oh, the irony) claims to have gained access to Nakamoto's public email address - promising to reveal all if they receive a bounty of 25 Bitcoin, or $11,600 at current rates. According to the hacker's missive on the P2P Foundation website, Nakamoto had failed to configure Tor properly back in 2010, leaving him open to an attack. We just wonder how the anonymous hacker would feel if someone turned the tables on them.
Alleged Bitcoin founder hires a lawyer in bid to 'clear his name'
While Newsweek continues to stand by its claim that Dorian Satoshi Nakamoto is the founder of Bitcoin, the man at the center of the allegation has decided to lawyer up. Despite having already denied his involvement, Nakamoto has now shared a personal statement with Reuters to "clear [his] name" and make it clear how much he has suffered from Newsweek's report. Once believed to be in control of a million dollar Bitcoin fortune, the Californian resident detailed his struggle to find work, adding that the article has damaged his prospects of finding a job and caused him and his a family "a great deal of confusion and stress." Apparently, he even cut his internet connection last year, citing financial issues. Nakamoto says it'll be his first and final public word on the matter, but given the fact he's sought legal counsel, the supposed father of Bitcoin may have more to say behind closed doors.
Weekly Roundup: Bitcoin founder unveiled, Apple CarPlay hands-on and more!
You might say the week is never really done in consumer technology news. Your workweek, however, hopefully draws to a close at some point. This is the Weekly Roundup on Engadget, a quick peek back at the top headlines for the past seven days -- all handpicked by the editors here at the site. Click on through the break, and enjoy.
Daily Roundup: Bitcoin founder unveiled, Facebook's redesigned feed, and more!
You might say the day is never really done in consumer technology news. Your workday, however, hopefully draws to a close at some point. This is the Daily Roundup on Engadget, a quick peek back at the top headlines for the past 24 hours -- all handpicked by the editors here at the site. Click on through the break, and enjoy.
Engadget Primed: The rise (and rise?) of Bitcoin
Ask anyone about why Bitcoin has suddenly risen to prominence and they may offer one of a number of theories. Perhaps it'll be the one about Cypriots smuggling money out of their country, or the promise of a digital gold rush, or perhaps the tale of a disruptive new economy created by a person who may not even exist. Either way, if you'd like to untangle the myths, half-truths and labored economic newspeak behind the world that is Bitcoin, why not join us after the break?
