Dave Kleinman’ Estate Has Sued “Bitcoin Creator” Craig Wright for $10 Billion

The self-professed Satoshi Nakamoto is being sued by Dave Kleiman’s estate  
27 February 2018   916

Dave Kleiman claims that Craig Wright allegedly wanted to steal his Bitcoin and intellectual property rights. The lawsuit is filed by Dave Kleiman’s estate.

Most people do not believe that Craig Wright is the real Satoshi Nakamoto due to the fact that he failed to provide solid evidence on multiple occasions.

According to the complaint, which was filed by Boies Schiller Flexner LLP on behalf of Kleinman’s brother Ira. It alleges that Kleinman and Wright were both involved with Bitcoin development from the project’s inception. The complaint claimed that the two of them mined more than 1.1 million BTC through W&K Info Defense Research LLC. This company was formed by Kleinman and either owned wholly by him or held in partnership with Wright.

Upon the death of Kleinman Wright allegedly forged and backdated a series of contracts that transferred Kleinman’s cryptocurrency assets to Wright or his associated companies.

According to Wright, he told Ira Kleinman that his brother had signed away these property rights for shares allegedly worth “millions” in one of Wright’s companies. But this company went bankrupt, leaving Kleinman’s estate with nothing.

The plaintiff asked the court to force Wright to return the stolen funds to Kleinman’s estate. At the time of filing, these funds were worth more than $10.2 billion.

US Authorities to Sell $4.3M Worth Seized BTC

As reported, the Bitcoins were seized during different federal investigations
18 October 2018   120

The US Federal Penitentiary and Marshals Service has announced an auction, during which 660 Bitcoins will be sold, previously confiscated by law enforcement agencies. The current market value of the coins put up for sale is about $ 4.3 million, CoinDesk reports.

Bitcoins offered for sale were seized during federal criminal, civil and administrative investigations.

The auction will be held on November 5, and to participate in it, you must register no later than October 31 and make a deposit of $ 200,000.

The trades will be divided into two parts and include the sale of six blocks of 100 BTC and one more block of 60 BTC. Auction participants will not be able to view other people's rates or change their own.

The Office clarified that part of the assets put up for auction includes Bitcoins, which were seized during the recent investigations into the cases of the traders Teresa Tetley and Thomas Mario Costanzo. Teresa Tetley was sentenced in July to a year in prison on charges of trading in cryptocurrency without the necessary license and laundering money obtained from drug trafficking.

The Marshals do not report which part of the bitcoins seized from Tetley and Costanzo is put up for auction, however, it was previously known that 40 BTC were withdrawn from the first, and 80 BTC from the second.

Two previous major auctions for the sale of confiscated bitcoins were held in the United States in January and March of this year. In the first case, 3813 BTC was sold, in the second - 2170 BTC.