In the latest act of the Craig Wright Follies, the self-proclaimed Satoshi is claiming poverty. Okay, maybe not poverty, exactly, but he has apparently backed out of a settlement deal to resolve the $10 billion lawsuit by the estate of his late partner, Dave Kleiman. According to Kleiman’s quite angry lawyers, he now says he can’t afford it.
Craig Wright will appeal $5 billion ruling
Say it in Inigo Montoya’s voice: ‘Hello. My name is Ira Kleiman. You robbed my brother. Prepare to pay.’
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.
Wright and Wrong: Bitcoin SV billionaire loses another round to Ira Kleiman
Conflicting statements and a fraudulent piece of evidence doom Craig Wright’s attempt to toss out a lawsuit that could cost him billions
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.
Craig Wright threatened with handcuffs over courtroom temper tantrum
The self-proclaimed Bitcoin creator also said more than $10 billion in bitcoin may be gone forever
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.