Latest Turn in Kleiman vs Wright Lawsuit Claims Bitcoin Was Created by `Two Individuals

Prashant Jha
November 15, 2021
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Craig Wright received a 1-year jail sentence

The Kleiman vs Wright lawsuit has taken another bizarre turn after three years of the undecided court battle. David Kleiman is the former business partner of Craig Wright, the self-proclaimed creator of Bitcoin. The court battle is for $64 billion worth of Bitcoin stored in a wallet belonging to pseudo-anonymous creator Satoshi Nakamoto. Wright claims to be the sole creator and therefore the owner of the wallet while the Kleiman family claims it was co-created by both the business partner.

Kleiman family lawyer Vel Freedman in a recent interview with Wall Street Journal claimed that they are in possession of physical evidence that would prove Bitcoin was co-created by two individuals. He revealed that Kleiman always carried a military-grade thumbnail that could contain key information regarding the case, indicating the Klieman council could offer the thumbnail as evidence. He said,

“We believe the evidence will show there was a partnership to create and mine over one million Bitcoin,”

Craig Wright has long been known as “Faketoshi” for his obsession to prove he is the real creator of Bitcoin. The crypto community believes all he has to do is sign the original wallet with the private key, but Wright has always bailed out with some excuse or failed to do the simple task. Even at the start of this lawsuit, Wright claimed he would produce the private key soon, but that also turned out to be a time-wasting stunt.

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Will Bitcoin Price Be Affected?

The crypto community believes neither of the two parties is the original creator of Bitcoin mainly because of their desperation to claim the multi-billion dollar Bitcoin wallet. The original creator did mine one million Bitcoin at the start but never touched it till today and it has become the center of the 3-year ongoing court battle.

Bitcoin price is currently trading above $65K with a bullish outlook, especially after the much-awaited Taproot integration. As for the ongoing court battle and bold claims of new evidence, it won’t be for the first time when the case has seen much speculation but eventually it turns out to be otherwise. Thus it won’t have much of an impact on BTC price given the top cryptocurrency has matured as an asset over the past three years.

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Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
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Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
About Author
An engineering graduate, Prashant focuses on UK and Indian markets. As a crypto-journalist, his interests lie in blockchain technology adoption across emerging economies.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.