- Sep 25, 2001
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Man claiming to be bitcoin's creator wins dispute over $50B in bitcoin
Craig Wright, who says he's bitcoin creator Satoshi Nakamoto, is still on the hook for $100 million.
www.cnet.com
Craig Wright says he's bitcoin creator Satoshi Nakamoto.
He came out on top Monday in a civil trial against a deceased former business partner's family, which alleged it was owed half of a bitcoin fortune worth more than $50 billion.
The verdict means Craig Wright will get to keep all of the 1.1 million bitcoins that were in dispute in the trial. The family of David Kleiman, a friend and collaborator of Wright who died in 2013, had claimed Wright and Kleiman created bitcoin together.
Though Wright won't have to share any of the bitcoin fortune, he must pay $100 million in damages for the unpaid use of intellectual property to W&K Information Defense Research, a joint venture founded by the two men.