• Latest
Judge Reopens Questions in Ongoing 1.1M Bitcoin Craig Wright Trial

Judge Reopens Questions in Ongoing 1.1M Bitcoin Craig Wright Trial

January 13, 2020
ygg sea surpasses 10,000 scholarships in just six months of launch

YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch

May 6, 2022
mintable launches industry changing gas free minting service on ethereum

Mintable Launches Industry Changing Gas Free Minting Service on Ethereum

May 1, 2022
5 projects enabling smart contract development on bitcoin

5 Projects Enabling Smart Contract Development on Bitcoin

April 29, 2022
bitcoin atm installed in mexico's senate building

Bitcoin ATM installed in Mexico’s Senate Building

April 27, 2022
cross chain services play a crucial role in facilitating continued adoption of defi applications

Cross-Chain Services Play a Crucial Role in Facilitating Continued Adoption of DeFi Applications

April 26, 2022
justin sun launches usdd, integrating the blockchain world and the real world with the decentralized stablecoin

Justin Sun Launches USDD, Integrating the Blockchain World and the Real World with the Decentralized Stablecoin

April 25, 2022
nfts: the next musical revolution

NFTs: The Next Musical Revolution

April 24, 2022
things you should know before investing in nfts

Things You Should Know Before Investing in NFTs

April 24, 2022
what are wrapped tokens?

What Are Wrapped Tokens?

April 23, 2022
what is the future of ethereum (eth)?

What is the future of Ethereum (ETH)?

April 22, 2022
green gaming

Everything You Need to Know About Play-to-Earn on Algorand in 2022

April 21, 2022
$ape going bananas as rumors of upcoming land sale of bayc metaverse gather momentum

$APE Going Bananas As Rumors of Upcoming Land Sale of BAYC Metaverse Gather Momentum

April 21, 2022
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
CoinNewsDaily
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
No Result
View All Result
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
No Result
View All Result
CoinNewsDaily
No Result
View All Result
Home Bitcoin

Judge Reopens Questions in Ongoing 1.1M Bitcoin Craig Wright Trial

coinnewsdaily by coinnewsdaily
January 13, 2020
in Bitcoin
0
Judge Reopens Questions in Ongoing 1.1M Bitcoin Craig Wright Trial
190
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Related articles

5 projects enabling smart contract development on bitcoin

5 Projects Enabling Smart Contract Development on Bitcoin

April 29, 2022
bitcoin atm installed in mexico's senate building

Bitcoin ATM installed in Mexico’s Senate Building

April 27, 2022

Craig S. Wright, one of crypto’s most litigious engineers, struck a minor victory in court last Friday.

United States District Judge Beth Bloom said that facts previously established in the trial were now in dispute, according to a court document filed Jan. 10 to the District Court of Southern Florida.

This is the latest turn in an ongoing trial brought by Ira Kleiman, brother to Wright’s deceased business partner David Kleiman. Kleiman is suing for half of an $8.87 billion bitcoin fortune, said to be encrypted in a “Tulip Trust.”

Concluding a summer-long sanctions and contempt hearing, District Magistrate Bruce Reinhart found the nChain chief scientist in contempt of court for failing to produce a full list of his bitcoin holdings acquired before Dec. 31, 2013.

Reinhart awarded Kleiman $650,000 in legal expenses, and deemed it a fact that the plaintiff retains a 50/50 ownership in Wright’s assets and intellectual property, developed jointly with David Kleiman. Reinhart also questioned the validity of Wright’s testimony, describing it as “contradictory.” Wright called these sanctions “draconian.”

Justice Bloom now says the facts are unsettled. The previous hearing was focused solely on the amount and location of Wright’s bitcoin, she said, so Wright’s partnership with David Kleiman was beyond Judge Reinhart’s remit. She also asserts the amount of bitcoin at the center of the case “remains an issue.”

Wright was granted a request to extend a period of discovery so that a “mysterious” bonded courier can unlock the encrypted Tulip Trust. Wright claims the trust is currently inaccessible because several keys are held by an unnamed intermediary. Wright has until Feb. 3 to file a notice with the court that the courier “has appeared from the shadows.”

“The Court questions whether it is remotely plausible that the mysterious ‘bonded courier’ is going to arrive, yet alone that he will arrive in January 2020 as the Defendant now contends,” Bloom writes. Wright previously testified it would be “impossible” to comply with the court order to identify his bitcoin before the bonded courier returned 100 percent of the assets to his control on Jan. 1, 2020.

Wright has not confirmed publicly whether the courier arrived and has not moved bitcoin said to be held in the trust.

Trust issues

One day before Justice Bloom’s reversal, evidence of a third Tulip Trust entered the public court record, which could overturn much of what was previously known about the case.

In the original Trust document, it’s claimed Wright entrusted all his cryptographic assets to David Kleiman in 2012, to be returned in full eight years later. This directly challenges Ira Kleiman’s allegation that Wright expropriated his brother’s bitcoin. Elsewhere, Kleiman has submitted communications from Wright showing he’s owed 30 percent of the trust’s holdings.

Questions over the legitimacy of the Tulip Trust document have been floated, as it contains a font type created in 2015. Wright said this is due to a court scanner using a newer version of the font.

Buried alongside 428 other documents, the Tulip Trust III filing may contain evidence as to who actually has ownership over bitcoin mined jointly by Wright and the late-Dave Kleiman. The document’s details are unknown, and Wright has requested it remain sealed. He was granted 10 days to produce a redacted version.

Wright submitted the document “without any explanation as to its late disclosure, or even an email” signaling its production, according to plaintiff’s counsel Velvel Freedman, of Roche Freedman LLP.

In the most recent filing, Judge Bloom upheld a view that Wright willfully obstructed the court proceedings, and upheld a sanction for Kleiman’s legal fees.

“[Wright] was evasive, refused to give and interpret words in their very basic meanings, was combative, and became defensive when confronted with previous inconsistencies,” Bloom writes.

Kleiman is represented by Kyle Roche and Velvel Freedman of Roche Freedman LLP, while Wright is represented by Rivero Mestre LLP. Neither party had responded to a request for comment by press time.

Having offered to resolve the dispute amicably, Wright reignited the trial on Oct. 31. Since then, both sides have produced a bevy of pre-trial filings, working under a compressed schedule. In December, Wright’s counsel produced 18,669 documents to the plaintiff.

The case continues this week with depositions from Wright, his wife Ramona Watts, and Andrew O’Hagan, who interviewed Wright at length for an essay in the London Review of Books.

Disclosure Read More

The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Credit: Source link

Tags: Bitcoin
Share76Tweet48
Previous Post

Narrative Watch: The Hunt for Crypto’s Killer App

Next Post

Decentralized Finance Set To Make Huge Strides In The Coming Year

coinnewsdaily

coinnewsdaily

CoinNewsDaily.com is an online Crypto Coin News Website that aims to provide latest trendy news from market and around the world.

Related Posts

5 projects enabling smart contract development on bitcoin
Alt Coin

5 Projects Enabling Smart Contract Development on Bitcoin

April 29, 2022
bitcoin atm installed in mexico's senate building
Bitcoin

Bitcoin ATM installed in Mexico’s Senate Building

April 27, 2022
what are wrapped tokens?
Bitcoin

What Are Wrapped Tokens?

April 23, 2022
btc and eth will break all time highs in 2022 — celsius ceo
Bitcoin

BTC and ETH will break all-time highs in 2022 — Celsius CEO

April 21, 2022
price analysis 4/20: btc, eth, bnb, xrp, sol, ada, luna, avax, doge, dot
Alt Coin

Price analysis 4/20: BTC, ETH, BNB, XRP, SOL, ADA, LUNA, AVAX, DOGE, DOT

April 21, 2022
Bitcoin

Play-to-Earn Bitcoin Games: How Lightning Network Enables Gamers to Earn Sats

April 20, 2022
Load More
Next Post
Decentralized Finance Set To Make Huge Strides In The Coming Year

Decentralized Finance Set To Make Huge Strides In The Coming Year

Categories

  • Alt Coin
  • Bitcoin
  • Business
  • Ethereum
  • ICO
  • Litecoin
  • Mining
  • NFT
  • Ripple
  • Tech
  • Trading

What New here?

  • YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch
  • Mintable Launches Industry Changing Gas Free Minting Service on Ethereum
  • 5 Projects Enabling Smart Contract Development on Bitcoin

Subscribe to Get More!

Loading
  • About Us
  • Contact Us
  • Privacy & Policy

© 2018-2021 CoinNewsDaily.com by CoinNewsDaily Inc. Crafted with Love by iFtiDev

No Result
View All Result
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining

© 2018-2021 CoinNewsDaily.com by CoinNewsDaily Inc. Crafted with Love by iFtiDev

  • bitcoinBitcoin(BTC)$23,039.00-0.45%
  • ethereumEthereum(ETH)$1,579.27-0.66%
  • tetherTether(USDT)$1.000.05%
  • binancecoinBNB(BNB)$307.230.26%
  • rippleXRP(XRP)$0.4114240.37%
  • cardanoCardano(ADA)$0.3864751.25%
  • dogecoinDogecoin(DOGE)$0.0887562.56%
  • matic-networkPolygon(MATIC)$1.15-1.81%
  • okbOKB(OKB)$39.519.18%
  • solanaSolana(SOL)$24.15-0.08%
  • polkadotPolkadot(DOT)$6.45-0.14%
  • shiba-inuShiba Inu(SHIB)$0.0000122.05%
  • litecoinLitecoin(LTC)$88.230.23%
  • tronTRON(TRX)$0.062583-0.49%
  • daiDai(DAI)$1.00-0.10%
  • cosmosCosmos Hub(ATOM)$13.341.04%
  • chainlinkChainlink(LINK)$7.25-0.51%
  • leo-tokenLEO Token(LEO)$3.79-1.37%
  • moneroMonero(XMR)$182.273.44%
  • ethereum-classicEthereum Classic(ETC)$21.82-0.04%
  • bitcoin-cashBitcoin Cash(BCH)$132.88-1.89%
  • stellarStellar(XLM)$0.0928410.51%
  • crypto-com-chainCronos(CRO)$0.080919-0.08%
  • filecoinFilecoin(FIL)$5.28-1.43%
  • algorandAlgorand(ALGO)$0.2559841.24%
  • vechainVeChain(VET)$0.024010-2.01%
  • internet-computerInternet Computer(ICP)$5.93-1.61%
  • aaveAave(AAVE)$84.58-3.89%
  • eosEOS(EOS)$1.09-2.69%
  • elrond-erd-2MultiversX(EGLD)$44.500.02%
  • theta-tokenTheta Network(THETA)$1.09-2.85%
  • tezosTezos(XTZ)$1.10-1.42%
  • paxos-standardPax Dollar(USDP)$1.00-0.12%
  • bitcoin-cash-svBitcoin SV(BSV)$43.47-1.43%
  • huobi-tokenHuobi(HT)$5.100.63%
  • havvenSynthetix Network(SNX)$2.46-3.13%
  • pancakeswap-tokenPancakeSwap(CAKE)$4.000.18%
  • iotaIOTA(MIOTA)$0.236418-2.40%
  • makerMaker(MKR)$659.34-0.01%
  • zcashZcash(ZEC)$45.36-1.90%
  • neoNEO(NEO)$8.20-0.74%
  • dashDash(DASH)$50.56-1.10%
  • zilliqaZilliqa(ZIL)$0.0296342.49%
  • compound-governance-tokenCompound(COMP)$56.66-1.08%
  • basic-attention-tokenBasic Attention(BAT)$0.260028-1.57%
  • Elrond ERDElrond ERD(ERD)$0.0259290.00%
  • nemNEM(XEM)$0.038787-2.76%
  • kusamaKusama(KSM)$36.461.26%
  • bitcoin-goldBitcoin Gold(BTG)$17.16-1.39%
  • wavesWaves(WAVES)$2.830.54%
  • qtumQtum(QTUM)$2.64-2.65%
  • ftx-tokenFTX(FTT)$1.89-21.50%
  • sushiSushi(SUSHI)$1.30-1.82%
  • yearn-financeyearn.finance(YFI)$7,624.61-0.19%
  • golemGolem(GLM)$0.2470660.37%
  • omisegoOMG Network(OMG)$1.48-0.01%
  • ontologyOntology(ONT)$0.214070-2.36%
  • digibyteDigiByte(DGB)$0.010713-3.04%
  • umaUMA(UMA)$2.04-0.85%
  • ethlendAave [OLD](LEND)$0.53-3.08%
  • UniswapUniswap(UNI)$2.4438.80%