The trial of Australian computer scientist Craig Wright in Florida has been called the “Bitcoin Case of the Century”. Observers had been hoping to discover the true identity of Satoshi Nakamoto, the mysterious mastermind behind the Bitcoin system. Wright, the self-proclaimed inventor of bitcoin, has won the case against him over the roughly $57 billion (€50 billion) cryptocurrency, which is now leading him once again to claim that he is indeed the inventor. Skeptics see it as a missed opportunity for the real test.
Craig Wright was largely victorious in a jury trial in Florida on Monday. The trial lasted a colossal three weeks and addressed the estate of Dave Kleiman, a computer expert and Wright’s former business partner. The family of the late Kleiman, who passed away in 2013, claimed that he was one of the founders of Bitcoin and owned a Bitcoin wallet worth 1.1 million Bitcoin with Wright that is now worth about $57 billion (€50 billion). The grandchildren demanded half of this amount.
But the jury almost completely acquitted Wright. However, Wright was convicted of stealing intellectual property belonging to his late friend and had to pay $100 million (€88 million). Insignificant compared to the amount requested by the counterparty of 600 billion dollars (529 billion euros).
Some crypto investors are highly skeptical of Wright’s repeated claims – including under oath – that he is the inventor of bitcoin and consider him to be the inventor. Had the jury convicted Wright, he would have been forced to come up with the suspected fortune of legendary Bitcoin inventor Satoshi Nakamoto. In the eyes of some observers, that would have been the real test.
“I’ve never felt so relieved in my entire life,” Wright said after the ruling. He added that he would not appeal. He believes that justice has been served and that the verdict proves that he is indeed the creator of Bitcoin. “Obviously the jury found it was me, otherwise there would be no verdict,” he said. “Me too.”
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