Craig Wright
By Jon Egie with agency report
Craig Wright is now the 26th richest man alive after a U.S court granted him full possession of 1.1 million bitcoins .
Wright a computer scientist in 2016 claimed he is Satoshi Nakamoto, the pseudonym name for the person who designed bitcoin .
He was later dragged to court by the family of his late business partner and computer forensics expert, for stealing the idea .
Craig Wright, the self-proclaimed creator of bitcoin, has been named the world’s 26th richest person after winning a court dispute.
However, Wright will pay $100m to his late partner’s company for intellectual property infringement BBC reports.
Mr. Kleiman’s family said that the two men worked together to design and manufacture the first Bitcoin, which Mr. Wright then stole.
Mr. Kleiman, a computer security expert, died in 2013.
In 2008, a white paper issued under the pseudonym Satoshi Nakamoto detailed the creation of the cryptocurrency.
Mr. Wright has claimed to be Satoshi Nakamoto since 2016, and while that claim has been contested, the Judgement may well have established his reputation in the crypto community.
What happened in court
The Miami jury in the civil action exonerated Wright on virtually all of the objections raised by Kleiman’s family.
In a statement, lawyers for his late partner’s company, W&K Information Defense Research, and Kleiman’s estate said: “We are overjoyed that the jury granted the $100 million in intellectual property rights, which will assist give the Kleimans a fair part of what Dave helped build.”
Wright reacts
In his response, Wright stated that the court verdict proved he was the inventor of the breakthrough digital asset.
“There would have been no prize if the judges had not determined that I am. This has been an astonishingly positive conclusion, and I feel entirely vindicated.”
Source: Legit, BBC
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