Court Not to Dismiss Claim Against Craig Wright

Craig Wright is accused of misappropriating 1.1m Bitcoins by Ira Kleiman 
28 December 2018   1140

The court of the Southern District of Florida State refused to reject the claim to nChain Chief Researcher Craig Wright, who was accused of embezzling 300,000 bitcoins.

Initially in February, Ira Kleiman, the brother of forensic computer investigator and writer Dave Kleiman, accused Craig Wright of misappropriating 1.1 million bitcoins. After the death of Dave Kleiman in 2013, Wright volunteered to help the relatives of his former business partner to dispose of the remaining bitcoins.

According to the lawsuit, Wright fulfilled the terms of the agreement, but did not return the cryptocurrency. Self-proclaimed Satoshi Nakamoto is also accused of "creating a scheme for the purpose of assigning Bitcoins and intellectual property rights to Dave Kleiman associated with Bitcoin technology."

The amended lawsuit states that Craig Wright has already converted about 300,000 bitcoins and transferred them to the management of several international trusts without the consent of Kleiman’s relatives.

Until January 10, Wright must give an answer to the charges.

PBoC to Continue Anti-Crypto Propaganda

The regulator published a warning in its WeChat account called “Protection of the rights and interests of consumers of financial services”
23 March 2020   319

The People's Bank of China has returned to criticism of cryptocurrencies amid a worsening economic situation in the world.

On March 22, the regulator published a large-scale warning in its WeChat account under the heading “Protection of the rights and interests of consumers of financial services”. It describes three ways in which cryptocurrency service providers can mislead consumers.

First of all, the amount of fraud transactions with bots is serious. The average turnover rate of the top three overseas crypto currency exchanges is much higher than that of foreign licensed exchanges. Second, market manipulation exists in these exchanges where forced leveraged trading eventually causes the exchanges to explode. Third, money laundering is a big issue.

 

People's Bank of China

In addition, the Chinese Central Bank calls the opinion that Bitcoin may serve as a protective asset, erroneous. The regulator indicates its high volatility and recommends that citizens not follow the example of other investors and refuse to participate in cryptocurrency trading.