$4 billion lawsuit against Craig Wright moves forward

Craig Wright’s request to dismiss the $4 billion lawsuit against him is denied as the US federal court has not found the grounds to dismiss the case. Wright stands accused of misappropriating the fortune belonging to the estate of his former partner Dave Kleiman, who is now represented by his brother, Ira Kleiman. Although the exact amount of appropriated bitcoins is yet to be determined, "the Estate is entitled to at least 300,000 bitcoins, along with their forked assets."

The court states:


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"The Amended Complaint alleges that Defendant converted at least 300,000 bitcoins upon Dave’s death and transferred them to various international trusts, which was an unauthorized act that deprived the Plaintiffs of the bitcoins therein. Accordingly, Plaintiffs’ claim for conversion (Count I) survives Defendant’s Motion to Dismiss."

That’s not the first controversy around Craig Wright. Back in 2015, the cryptographer claimed Dave Kleiman and him developed bitcoin together, and they penned the famous Satoshi papers under a joined pseudonym Satoshi Nakamoto. While the theory gained some followers, it has been mostly discredited.