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Craig Wright wins $ 54 billion Bitcoin litigation



Is Craig Wright Satoshi Nakamoto or not? In any case, the self-proclaimed Bitcoin inventor doesn't have to pay a $ 54 billion fine.

The man who claims to be Satoshi Nakamoto won an important lawsuit in Miami, according to a CNBC report . He was sued by the heir of a former Craig Wright business associate. Half of the 1.1 million Bitcoin Satoshi mined and owned in the early days of the cryptocurrency was at stake. At the current rate, the BTC are worth around $ 54 billion. The estate of Craig Wright's former business partner David Kleiman also claimed the rights to some of the intellectual property in early blockchain technology.

The trial was recently relocated to Miami because Wright and Kleiman founded their first joint company in Florida. The prosecution argued that Kleiman was a co-inventor of Bitcoin alongside Wright. Hence, he would be entitled to half of Satoshi's assumed fortune. The West Palm Beach jury saw it differently, however. They sided with Wright and refused to award any part of the Bitcoin fortune to Kleiman.


Craig Wright sentenced to $ 100 million in damages

However, Wright has to pay $ 100 million in damages for intellectual property infringement. This happens in connection with W&K Info Defense Research LLC, the joint venture of the two men. However, the money will benefit this company and will not go to Kleiman's estate. However, Craig Wright himself is reportedly okay with this. “This is a remarkably good result, and I feel completely right and relieved,” Wright said in a video he posted on Twitter immediately after the verdict. 

Had Wright lost the lawsuit, he would have had to open the Satoshi wallet to pay the discount. However, Wright said he would prove his property even if he won the lawsuit. He also pledged to donate a large part of his Bitcoin fortune to charity in case he wins the trial. Now it remains to be seen whether Wright actually keeps this promise.

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