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Home»Columns»Computer scientist who claims to be Bitcoin inventor Satoshi Nakamoto wins lawsuit over $57 billion

Computer scientist who claims to be Bitcoin inventor Satoshi Nakamoto wins lawsuit over $57 billion

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By Kanika Bhatnagar on December 11, 2021 Columns, Current News, International News, Top Stories
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A computer scientist who claims to be the inventor of Bitcoin has won a lawsuit over $57 billion crypto fortune in a landmark case. Craig Wright an Australian academic first linked to the development of the digital currency should not be forced to hand his former business partner half of his digital assets said the Miami Court jury.

Nakamoto has claimed to be a 37-year-old man who lived in Japan. But it was always doubtful that Nakamoto was even Japanese. His English had the flawless, idiomatic ring of a native speaker.

The jury rejected most claims against Craig Wright aka Nakamoto and the outcome probably won’t resolve the debate over whether Wright is the mythical creator of the Crypto currency, Santoshi Nakamoto.

After the verdict, Wright in an interview said, “I have never been so relieved in my life.”

He further added that he feels vindicated and that the verdict proves he’s the creator of Bitcoin.

“The jury has obviously found that I am because there would have been no award otherwise.”

Devin Freedman, an attorney for the Kleiman estate hailed the verdict as a historical precedent in the innovative and transformative industry of cryptocurrency and blockchain.

“Many years ago, Craig Wright told the Kleiman family that he and Dave Kleiman developed revolutionary Bitcoin based intellectual property. Despite those admissions, Wright refused to give the Kleimans their fair share of what Dave helped create.”

The jury found Wright liable for conversion -the illegal taking of property and awarded damages to W&K Info Defence Research LLC, the entity through which Kleiman and Wright are supposed to have done work together.

Wright’s lawyer, Andres Rivera depicted the verdict as a complete victory of truth and for his client.

“The plaintiffs were claiming $600 billion plus punitives. This is one of the most resounding victories even in American litigation. We had crushed them. Their result is less that any settlement offer we ever made to them. This is a total loss for the other side.”

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