Self-Proclaimed Bitcoin Inventor, Craig Wright, Fails To Settle Kleiman Case Due To Lack Of Funds

Court documents filed recently in Florida show that Craig Wright, who claims to be the famous Satoshi Nakamoto, who is credited to have invented Bitcoin, now says he has no funds to settle his case with David Kleiman.

According to Cointelegraph, Wright told the complainant that he was pulling off an earlier out-of-the court settlement agreement as he was unable to meet the 500,000 BTC ($4.5 billion) needed.

The case has been brought back to the court by Kleiman’s lawyer and seeks to compel Wright to settle the agreement or the case goes to full trial.

After signs that the case was coming to an amicable solution, Kleiman halted active proceedings to focus on how the issue would be settled even agreeing to prolong the settlement time to the end of October. However, as court documents indicate, Wright has broken the settlement agreement.

The court documents have been filed by Ira Kleiman who instituted the charges last year accusing Wright of falsifying enterprise documents as well as other documents with the intention of defrauding the estate of David Kleiman, his late brother.

In August, Wright was found to be in contempt of court for his failure to divulge the amount of Bitcoins he holds which reportedly are about 1.1 million, CoinDesk reports.

After the hearing commenced, Wright told the court that he was unable to access his Bitcoin as the death of David Kleiman, his former business counterpart, affected some of the wallet logins. However, the court dismissed the claim saying that Wright’s arguments were inconsistent.

The court documents show that Wright did not give a notice before he broke the non-binding agreement.

Wright had at an earlier time bid to be given extra time to confront the judge’s sanctions giving an excuse of the approaching Hurricane Dorian.

In related news, Wright has severally explained that Satoshi Nakamoto, credited for starting the Bitcoin and crypto movement, copied his white paper.

Keep it here as we follow the proceedings and relay them directly to you as the case goes on.

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Author: Joseph Kibe

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