Does Craig Wright Have Access to Encrypted Satoshi Files With Private Keys for $7.5B in BTC?

The class-action lawsuit filed by the Kleiman Estate against Craig Wright, the self-proclaimed Bitcoin creator and former partner of late Dave Kleiman has seen several twists and turns with no definitive outcome.

Kleiman Estate is suing Wright to get access to the Bitcoin mined by Wright in partnership with Dave Kleiman, while Wright maintains there was no such partnership.

The latest twist in the case came from the Kleiman Estate, which now claims that Wright had access to the Encrypted Files believed to be those of Satoshi, which contains private keys associated with 820,000 Bitcoin. The Estate filed a new court document on 21st May claiming Wright has the access to Encrypted Files but he won’t do so since it contains clear evidence of his partnership with Dave.

The court document claimed that $1.6 million worth of Bitcoin has been spent from the addresses submitted to the court as a proof suggesting Wright has access to those private keys. It also points to the threats made by Wright about crashing the Bitcoin market, which is only possible by a large amount of dump in the market.

Craig Wright has since submitted a list of 16,404 BTC addresses to prove his claim of being the owner. However, Kleiman’s Estate claimed that this is one of the three batches of addresses which Wright has access to and the fact that a significant amount of BTC has been spent from these addresses “is incontrovertible evidence that Wright has either:

  • Submitted a fraudulent/incomplete list of his bitcoin as the CSW Filed List and/or
  • He does have access to a list of his bitcoin and the private keys associated with them and is lying.

The legal team further points out that Craig Wright throughout the case has lied, submitted misleading filings, caused obstruction with forged evidence are clear signs that Wright has access to the Encrypted files.

Kleiman Estate Lists Lies and Perjuries of Wright

The legal court document also lists four instances where Wright has either lied during the case or submitted forged documents. The one being just last week where Wright has submitted a forged divorce document.

The document claimed that Wright’s wife too lied about the claims of his husband since she is financially dependent on him and thus had clear reasons to do that. The document also claimed that she has lied in the past.

The Kleiman Estate in its legal filing also criticised the court for being soft on Wright and only putting sanctions despite him showing no respect for the legal procedure and the court, as evident from his continuous lying. They appealed to the court to take strict action against the accused to keep him in check. The court filings read:

“For the foregoing reasons, Plaintiffs respectfully request that the Court issue an order pursuant to its inherent powers striking Dr. Wright’s Amended Answer and entering a default judgment against Dr. Wright.”

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Author: Rebecca Asseh

Billion-Dollar Craig Wright- Dave Kleiman Case Moves To Court In July; 1.1 Million BTC at Stake

  • The famous “one million Bitcoin” case between self-proclaimed Satoshi Nakamoto, Craig Wright, and Ira Kleiman, brother to deceased, Dave Kleiman, is finally set for trial starting July 6.
  • However, the court is extending the deadline till July 3rd, 2020 for the parties to resolve their claims and present the resolution to court.

The long-running battle between Craig Wright and Kleiman’s estate is taking a swift turn to the courts after a two-year battle of the courts bore no resolutions.

According to the latter, Dave and Craig mined together a stash worth 1 million BTC (~$9 billion) and wished Craig, who has previously admitted to holding the private keys to this mega stash, to relinquish half the BTC the two mined.

However, Craig has come out strongly denying the claims; stating that he mined the whole stash of BTC alone.

On May 1, 2020, U.S Southern District of Florida judge, Reinhart Bloom, declared the trial date is set for July 6, with both legal teams announcing their readiness in participating in the trial.

The set trial will be held during the Court’s two-week trial calendar beginning on July 6, 2020, at 9:00 a.m. at the United States Courthouse, 400 North Miami, Avenue, Courtroom 10-2, Miami, Florida.

Dr Wright’s attorney, Andres Rivero, argues that his client is eager to prove in court his BTC stake.

Rivero further claimed the plaintiffs must be able to prove their 50% stake claim, given Dave and Craig were just friends, which did not entitle any case of sharing the mined BTC. He further said,

“It’s always possible for the cases to be delayed, they could be motions, more requests by the plaintiffs […] But we have opposed all the delays and we’ve always wanted to go to trial.”

A source from Kleiman’s legal team also showed their readiness in presenting evidence and witnesses in court come July 6, brushing off the claims that they were slowing down the process as “absurd.”

The statement from Roche Cyrulnik Freedman LLP, the firm representing Kleiman’s estate reads:

“Any comment that Plaintiffs are responsible for any delays to the trial date is absurd. As Judge Bloom found on January 10, 2020, Craig’s ‘antics and conduct delayed and obstructed the discovery process of this case, wasted valuable time and resources […] and prevented the Plaintiff from obtaining evidence.”

Despite the case moving onto a court date, Craig has yet to provide proof on the claimed 1.1 million BTC coins.

Earlier in the year, reports that the Tulip Trust documents containing the private key to the stash would arrive in a bounded courier never materialized. This led to Craig’s attorneys claiming he does not own the private keys to the coins.

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Author: Lujan Odera

The Plot Thickens as Craig Wright Brings Tulip Trust III Into the Picture, BSV Jumps 30%

The lawsuit by the estate of self-proclaimed Craig S. Wright’s late partner for half for 1.1 million BTC is seeing yet another twist.

On Jan. 6, Wright furnished over 400 new documents to the Florida court including the one that reveals the existence of yet another Tulip Trust. This third Trust allegedly holds the infamous 1,100,111 BTC.

Wright’s late partner Dave Kleinman’s brother Ira Kleinman pursuing the lawsuit claims that he is entitled to half of these 1.1 million BTC that is currently worth $8.7 billion.

The original Tulip Trust is the encrypted document containing the keys to the 1.1 million BTC that Wright said he locked away under Kleinman’s care. The Kleinman brother claims after the death of Dave Kleinman in 2013, Wright attempted to prevent the plaintiff’s family from accessing their portion of crypto funds.

The Curious Case of Tulip Trust I, II, & III

Though Wright claims he is the real Satoshi Nakamoto, proving this has been much harder. And as the case gets dragged on, it is mired in technical and legal jargon.

First Wright said he is unable to confirm how many BTC he has because they are stashed in several international blind trusts. But the judge on the case and Kleinman estate agreed that these trusts are critical to the lawsuit.

Wright then disclosed the Tulip Trust that allegedly has the encrypted document holdings of the private keys to his Bitcoin fortune.

Wright, however, has been accused of forging the documents as the Tulip Trust I was timestamped Oct. 2012 while it was created in 2015. According to Wright, this was because the document was scanned by an optical character recognition program using the newer font.

But Judge Reinhart said the document didn’t add up that led Wright to talk about the Tulip trust II.

This Trust, Wright said will be delivered to him on Jan. 1, 2020 by a bonded courier but still, after closing into two weeks into the new year, he hasn’t confirmed that.

Now, this filing is the first mention of the Tulip trust III. Klienma’s lawyers aren’t happy about it. And although Wright flagged it as “confidential” and could ask for it to be sealed, Kleinman’s lawyers have agreed to keep things moving.

BSV Applauds Wright’s Efforts

The news of Wright producing a third Tulip trust has Bitcoin Satoshi Vision (BSV), the hard fork of Bitcoin Cash which has been the hard fork of Bitcoin Core, jumping 30% in a few hours.

At the time of writing, BSV has been trading at $147.85 as per Coincodex while managing $25 million trading volume on ten exchanges with real volume.

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Author: AnTy

Monero’s Riccardo Spagni Gets Back at Craig Wright Over Comments on Money Transmitters

Monero’s Riccardo Spagni Gets Back at Craig Wright Over Comments on Money Transmitters

Chief Scientist at nChain, Self-proclaimed Satoshi Nakamoto and a Bitcoin SV proponent, Craig S. Wright, recently released an article in which he questions the security and privacy traits of Monero XMR.

The crypto token which is the 13th largest in the market based on market capitalization is popular for its privacy features as it is constructed on the cryptographic layer system. These cryptographic qualities of the token offer an untraceable exchange of funds and separate characteristics by default.

The article details on how Monero and other mixed coins are engaged in the activity of money transfers and money handling, which according to Craig makes them Money Service Businesses [MSBs] and should therefore follow the corresponding rules. The rules include:

“Complying with the anti-money laundering (AML) program, maintaining records, and issuing against the reporting requirements as defined in their jurisdiction. Compliance would include filing Suspicious Activity Reports (SARs) and Currency Transaction Reports (CTRs). Peer-to-peer exchange is covered under the anti-money laundering (AML) rules. Avoiding the requirements of the Bank Secrecy Act (BSA) in the US is not an option.”

The article also went further to state that:

“every node, software, wallet and person engaged in the transfer of funds – any funds including Bitcoin and cryptocurrencies, was acting as a money transmitter”.

Furthermore, money transmitters and any subsystems are required to adhere with the Bank Secrecy Act [BSA] law, a U.S law requiring financial institutions in the United States to assist government agencies in detecting and averting money laundering.

Riccardo Spagni’s Response

Lead maintainer of Monero and host of Magical Crypto Conference, Riccardo Spagni, also known as Fluffypony, is one of the best-known figures in the crypto community. Riccardo then tweeted a response with an analogy saying

“Parents: are you giving lunch money to your kids? According to Craig Wright you are a money transmitter and will go to prison! Welcome to law. Have a nice life.”

And implying that with Craig’s accusations even the most basic forms of money exchange is illegal and should be prosecutable by law. However, some proponents of BSV weren’t moved by the remark and tweeted in support of the article claiming that Craig S. Wright was simply pointing out the law.

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Author: Damola