Craig Wright’s Multi-Billion Dollar Bitcoin Trial Moves to Year’s End

Craig Wright’s Multi-Billion Dollar Bitcoin Trial Moves to Year’s End

A trial involving cryptocurrency entrepreneur Craig Wright and the estate of his former business partner has again been rescheduled, this time for Nov. 1.

  • In an order signed late last month, Judge Beth Bloom at the District Court in the Southern District of Florida granted a joint motion by Wright and plaintiff Ira Kleiman to move the date.
  • The judge also moved the calendar call to Sept. 14 and extended the due date for demonstrative and summary exhibits to Aug. 31, as the parties had requested.
  • The status of the case will be discussed in a conference on Tuesday, according to the order.
  • In September of last year, Wright attempted to prevent the case from going to a full trial by filing a motion seeking summary judgment. The motion was summarily denied by Judge Bloom.
  • Since then, the trial date has been moved several times.
  • Kleiman brought the case on behalf of the estate of his late brother David who had worked with Wright during bitcoin's early days.
  • Wright is being sued for half of his alleged fortune of 1.1 million bitcoin (approximately $65.2 billion at today's prices) he claims the two mined together, as well as intellectual property.
  • NChain chief scientist Wright has controversially proclaimed himself as the inventor of bitcoin, even going so far as to threaten developers with legal action on the basis of copyright infringement.
  • Source