Self-proclaimed Bitcoin creator Craig Wright intends to appeal a ruling by Magistrate Judge Bruce Reinhardt that branded him a liar and ordered him to give approximately $5 billion worth of bitcoin to the estate of his late partner Dave Kleiman.
When a judge denies your motion to throw out a lawsuit against you by quoting Sir Walter Scott’s famous line, “Oh! What a tangled web we weave when first we practice to deceive,” it’s not a good thing. Thus it’s fair to say, nChain founder Craig Wright, the Bitcoin SV (BSV) backer and self-proclaimed Satoshi Nakamoto, did not have a good day in court on August 15. Although, to be fair, he wasn’t threatened with handcuffs this time.
In an emotional hearing in which Wright at one point cried about how “his” creation had been abused by criminals and at another was threatened with handcuffs for throwing a document, the Bitcoin billionaire claimed that more than $10 billion worth of the first cryptocurrency may be lost, according.
Craig Wright has convinced a Florida federal judge to let him provide testimony that could potentially prove his claim to be Bitcoin creator Satoshi Nakamoto in secret.