Craig Wright’s wife, Ramona Watts, knows nothing about how Bitcoin works. Considering that her husband claims to be Satoshi Nakamoto, the pseudonymous author of the Bitcoin whitepaper, you’d think she might be aware that a Bitcoin private encryption key is not like a Mercedes key. At least Ira Kleiman was honest (or self-aware) enough to tell the court that he does “not really” know much about how Bitcoin works. Ira is suing Wright for half of a $10 billion cache of bitcoins mined by Nakamoto in the early days of Bitcoin. Here’s a beauty from her March 19, 2020 deposition, which was unsealed on June 27. In it, Ramona Watts was asked by…
60% of all bitcoins are ‘digital gold’ locked away by hodlers
New research from blockchain intelligence firm Chainalysis research also shows that just 13,600 professional traders control the liquidity of Bitcoin’s marketplace
Of those in circulation, 11.4 million, worth about $104 billion at the press time price of $9,128, has been held for many years. Another 3.5 million is used for trading and moves frequently—primarily between exchanges.
Craig Wright Lawyer: Are you familiar with how Bitcoin is stored on a device?
Ira Kleiman: Not really
In a deposition released on June 19 in Kleiman v. Wright, it is clear that the adopted brother of Craig Wright’s late partner, Dave Kleiman, is nearly Bitcoin-illiterate. But he does know that if Craig and Dave really were behind the pseudonym Satoshi Nakamoto—which most of the crypto community doubts—there are 550,000 BTC with his name on them.
Craig Wright accuses Tether, Kraken funding $10B Bitcoin lawsuit against him [Updated]
Would-be Bitcoin creator claims they ‘seek to shut me down’ to protect their ‘Ponzi’ scheme. How the stablecoin issuer and the exchange benefit from Wright losing 550,000 BTC to the Kleiman estate is unclear
Not to be missed in the ongoing $10 billion lawsuit between the estate of Dave Kleiman and his partner, self-proclaimed Bitcoin creator Craig Wright, are his accusations about who is funding it. The answer, he recently swore in court is... Tether and Kraken?