Self-proclaimed Bitcoin inventor accused of fraud

It is alleged that Wright schemed to use phony contracts and signatures to lay claim to bitcoins mined by colleague Dave Kleiman, another cryptocurrency adherent, who died in 2013, according to a lawsuit filed by Kleiman’s brother.

Craig Wright, the self-proclaimed inventor of bitcoin, has been accused of swindling more than $5 billion worth of the cryptocurrency and other assets from the estate of a computer-security expert.
 
In 2016, Wright had claimed that he created cryptocurrency under the pseudonym Satoshi ‎Nakamoto. 
 
It is alleged that Wright schemed to use phony contracts and signatures to lay claim to bitcoins mined by colleague Dave Kleiman, another cryptocurrency adherent, who died in 2013, according to a lawsuit filed by Kleiman’s brother.
 
Kleiman’s family contends they own the rights to more than 1 million Bitcoins and blockchain technologies Kleiman mined and developed during his lifetime and that the assets’ value exceeds $5 billion.
 
Wright, an Australian who lives in London, has also been accused of violating partnership duties to Kleiman and unjustly enriching himself at his colleague’s expense. 
 
Wright and Kleiman formed a Florida-based company, W&K Info Defense Research LLC, in 2011 to focus on cybersecurity, according to the court filing. The pair also had earlier worked together on the development of Bitcoin and had extensive mining operations, according to the family’ s lawsuit. The pair controlled as many as 1.1 million Bitcoins at the time of Kleiman’s death, according to the suit.
 
They were held trusts set up in Singapore, the Seychelles Islands and the U. K., the suit says.
 
Wright said in a 2016 blog post and interviews that he was the main participant in a team that developed the original Bitcoin software under the pseudonym Satoshi Nakamoto. After skeptics questioned the claims, Wright said that he decided not to present any further evidence to prove that he is the creator of Bitcoin.
 
Source: Business Standard

Add new comment