NEW YORK: Craig Wright, a computer scientist who claimed to be the inventor of Bitcoin, which applies in the decision of the civilian trial against the family of a dead business partner who claimed it would owe ten of billions.
Florida’s jury on Monday found that Wright did not owe half of 1.1 million Bitcoin to the David Kleiman family.
The jury received a $ 100 million award in intellectual property rights for the joint venture between the two men, a small portion of what Kleiman’s lawyer asked at the trial.
“This is an extraordinary victory for our side,” said Andres Rivero from Rivero Mestre LLP, the main lawyer representing Wright.
David Kleiman died in April 2013 at the age of 46 years.
Led by his brother Ira Kleiman, his family claimed David Kleiman.
and Wright is a close friend and Bitcoin together through a partnership.
In the midst of the trial was 1.1 million Bitcoin, worth around $ 50 billion based on prices on Monday.
This is one of the first Bitcoin to be created through mining and can only be owned by someone or entity involved with the digital currency since the beginning – like the creator of Bitcoin, Satoshi Nakamoto.
Now the Cryptocurrency community will look to see if Wright follows up on his promise to prove that he is the owner of Bitcoin.
Doing it will lend trust in Wright’s claims, first made in 2016, that he is Nakamoto.
The case tried in the Federal Court in Miami is very technical, with the jury listening to the explanation of the complicated way of working from the cryptocurrency and the origin of how Bitcoin becomes.
The jury took a full week for intentional, repeatedly asked questions about lawyers on both parties and judges about how Cryptocurrency worked and business relations between the two men.
At one point the judges hinted at the judge that they met a dead end.
The origin of Bitcoin has always been a little mystery, which is why this trial attracts so much attention from outsiders.
In October 2008 during the peak of the financial crisis, a person or a group of people whose name was “Satoshi Nakamoto” published a paper that put a framework for the digital currency that would not be bound to legal authority or sovereignty.
Mining for currencies, involving computers that solve mathematical equations, starting a few months later.
Nakamoto’s name, roughly translated from Japanese which means “in the middle,” was never considered the real name of the creator of Bitcoin.
Wright claims that he is Nakamoto has met skeptics from a considerable part of the Cryptocurrency community.
Because of its structure, all Bitcoin transactions are public and 1.1 million bitcoins concerned have not been touched since their creation.
Bitcoin community members have regularly called for Wright to move only a small portion of the coin into a separate account to prove ownership and show that he is really rich as he claims.
During the trial, other Wright and Cryptocurrency experts testified under oath that Wright had the Bitcoin in question.
Wright said he would prove his ownership if he won at the trial.
Lawyers for the W & K Information Defense Research LLC, a joint venture between the two men, said they were “grateful” that the jury gave $ 100 million in intellectual property rights to the company, which developed the software that regulates the basic blockchain and cryptocurrency technology.
“Wright refused to give Klimans their fair part of what (David Kleinman) helped create and instead took the assets for himself,” said Vel Freedman and Kyle Roche from Roche Freedman LLP and Andrew Brenner, a partner at Boies Schiller Flexner, in a joint statement.
Wright’s lawyer has said repeatedly that David Kleiman and Wright are friends and collaborate in work together, but their partnerships have nothing to do with the creation of Bitcoin or initial operations.
Wright said he planned to donate a lot of Bitcoin’s wealth to charity if he wanted to win at the trial.
In an interview, lawyer Wright Rivero confirmed Wright’s plan to donate a lot of Bitcoin’s wealth.