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After a civil lawsuit, a computer scientist who claims he invented bitcoin will keep $54 billion of the cryptocurrency.


Craig Wright walking into a federal courthouse in Miami.
Dr. Craig Wright arrives at the Federal Courthouse, Tuesday, Nov. 16, 2021, in Miami.
  • After Monday's settlement of a civil suit, a computer scientist who claimed to be the creator of bitcoin will have a cache of 1.1million bitcoins.
  • In a case brought by his family and business partner against him, a Florida jury ruled in favor of Craig Wright, a computer scientist.
  • Wright stated that the jury's decision vindicates Wright as the creator and value of the most valuable cryptocurrency in the world.

According to news reports, Craig Wright, a computer scientist and claimant to have created bitcoin, will be allowed to keep approximately $54 billion. However, $100 million will need to be paid for intellectual property breaches.

On Monday, a federal jury in Miami rejected six of seven claims against Wright made by David Kleiman's family. The case revolved around a cache of approximately 1.1 million bitcoins that belonged to Bitcoin's creator, widely known as Satoshi Nakamoto.

Wright has claimed since 2016 to be Nakamoto. He is the one behind the October 2008 Bitcoin whitepaper. Kleiman's brother Ira launched a civil suit claiming that Wright and his brother were Nakamoto. This entitles the Kleiman family half of the bitcoin cache. David Kleiman, a computer forensics specialist, died in 2013.

The jury has rejected most of Wright's claims, so Wright, an Australian programmer who lives in London, will keep the bitcoin cache that was worth $54 billion Monday. Tuesday morning, the world's most expensive cryptocurrency traded at $51,700.

Wright stated Monday that he felt vindicated and that the verdict proved he was bitcoin's creator.

According to Bloomberg, Wright stated that "the jury has evidently found me to be because there would not have been an award otherwise."

According to CNBC, Wright was ordered by the jury to pay $100,000,000 in compensatory damages for a violation of intellectual property rights in relation to a joint venture between Wright & David Kleiman. Instead of Kleiman's estate, the money will be paid to W&K Information Defense Research LLC.

According to Bloomberg, Wright stated that he was "never so relieved" in his life. Wright stated that he will not appeal.





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