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.
The same lawyers who sued Craig Wright for $5 billion are going after Tether and Bitfinex, demanding a staggering $1.4 trillion.
On Thursday, a judge granted Ira Kleiman’s attorney a 21-day extension on the motion to quash the subpoena against Modern Consensus contributor Brendan Sullivan (that’s me). This, along with a yet-to-be published interview with Craig Wright and a document filed in court earlier this week, leads me to think that settlement talks are in the works. I’ll go through all three documents and why they matter.
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.