Craig Wright and the Estate of Dave Kleiman have been in a legal battle over 1 million bitcoins that Dave Kleiman and Craig Wright mined during the early days of Bitcoin. Apparently Dave Kleiman and Craig Wright were keeping the bitcoins in a joint trust, and after Kleiman’s death, his heirs received none of the bitcoins. This is perhaps the largest Bitcoin-related court case in history since there are nearly USD 10 billion of Bitcoin at stake.
After a long series of court dates and discussions where Craig Wright seemed to be losing, Wright approached the Kleiman Estate and offered a settlement where he would hand over half of the Bitcoin he mined before 2014 and half of his intellectual property.
Without any notice, Craig Wright has pulled out of the settlement, and now the trial will begin as scheduled in March 2020. Aside from the unusual nature of pulling out of a settlement without any notice, a settlement which Craig Wright initiated no less, this has caused the Kleiman Estate to lose a significant amount of time that could have been used to get ready for the case, in addition to fees for tax specialists that were arranging the settlement.
Image Courtesy: Pixabay