News 8 December 2021
  views
Author: Aaron Adade

Man who supposedly invented BitCoin wins legal case worth $71 Billion in Crypto

8 December 2021
  views
Share
Share

The Australian computer scientist known as Craig Wright has been in a legal battle for a while now after the family of his former now deceased business partner David Kleiman sued him for half of their alleged shared assets.

Satoshi Nakamoto was the fake name used by whoever manufactured Bitcoin and deployed its original reference implementation. The dispute was over whoever created and worked under it. Wright claimed to be the real Satoshi Nakamoto, and even though that remains unproven, the court jury ended up siding with Wright. So he was given all the rights to Bitcoin.

The court did however award Kleiman’s family $142 million worth of intellectual property rights to a joint venture between Wright and Kleiman. Although that wasn’t the result the Kleiman family had hoped for. It’s not a terrible consolation prize if you’re looking at the glass half full.