Self-Proclaimed Bitcoin Inventor Accused of Swindling $Five Billion of Cryptocurrency

Craig Wright, the self-proclaimed inventor of bitcoin, is accused of swindling more than $Five billion worth of the cryptocurrency and other assets from the estate of a computer-security pro.

Wright, who claimed te 2016 that he created the computer-based currency under the pseudonym Satoshi ‎,Nakamoto, allegedly schemed to use phony contracts and signatures to lay rechtsvordering to bitcoins mined by colleague Dave Kleiman, another cryptocurrency adherent, who died te 2013, according to a lawsuit filed by Kleiman’s brother.

Kleiman’s family contends they own the rights to more than 1 million Bitcoins and blockchain technologies Kleiman mined and developed during his lifetime and that the assets’ value exceeds $Five billion, according to the Feb. 14 filing te federal court ter Westelijk Palm Beach, Florida.

“,Craig forged a series of contracts that purported to transfer Dave’s assets to Craig and/or companies managed by him,’’ lawyers for Kleiman’s family said ter the complaint. “,Craig backdated thesis contracts and forged Dave’s signature on them.’’

Wright, an Australian who lives ter London, couldn’t be reached for comment on the suit, which also accuses the entrepreneur of violating partnership duties to Kleiman and unjustly enriching himself at his colleague’s expense. There is no attorney listed for Wright on the docket.

Wright and Kleiman formed a Florida-based company, W&,K Informatie Defense Research LLC, te 2011 to concentrate on cybersecurity, according to the court filing. The pair also had earlier worked together on the development of Bitcoin and had extensive mining operations, according to the family’ s lawsuit.

The pair managed spil many spil 1.1 million Bitcoins at the time of Kleiman’s death, according to the suit. They were held trusts set up te Singapore, the Seychelles Islands and the U.K., the suit says.

Wright said te a 2016 blog postbode and interviews that he wasgoed the main participant ter a team that developed the original Bitcoin software under the pseudonym Satoshi Nakamoto. After skeptics questioned the claims, Wright said that he determined not to present any further evidence to prove that he is the creator of Bitcoin.

Te the filing, Kleiman’s brother includes what he says is email traffic inbetween himself and Wright ter which the entrepreneur indicates he may have bot holding 300,000 of Kleiman’s Bitcoins.

Dave “,mentioned that you had 1 million Bitcoins te the trust and since you said he has 300,000 spil his part,’’ the pc expert’s brother wrote. “,I wasgoed figuring the other 700,000 is yours,”, he added ter the email. “,Is that onberispelijk?”,

“,Around that,”, Wright wrote back. “,Minus what wasgoed needed for the company’s use.”,

The case is Ira Kleiman v. Craig Wright, No. 18-cv-80176, U.S. District Court for the Southern District of Florida. Velvel Freedman and Kyle Roche of Boies Schiller Flexner LLP represent David Kleiman’s estate.

For more on cryptocurrencies, check out the Decrypted podcast:

– With assistance by Olga Kharif

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