$64 Billion Florida Lawsuit May Reveal Identity of Elusive Bitcoin Inventor Satoshi Nakamoto
A lawsuit in the Florida court system involving two computer scientists involved in early mining of the bitcoin cryptocurrency could potentially reveal the identity of so-called Satoshi Nakamoto, the anonymous inventor of bitcoin and the author of a white paper explaining the currency’s utility and independence from banks and governments.
The civil case features a legal battle between the family of David Kleiman, a deceased computer security expert, and Craig Steven Wright, a man who has claimed to be Satoshi Nakamoto since 2016. Kleiman’s family indicates that the deceased man and Wright worked together on a plan to mine over a million bitcoin, and seeks the proceeds of this arrangement that Wright allegedly never paid to Kleiman before his death. Wright claims to be the sold owner of a company Kleiman’s estate argues they created as a partnership.
In the case, Wright’s defense will argue that he is in indeed Satoshi Nakamoto, while Kleiman’s estate will seek to show his early bitcoin involvement was limited to mining operations conducted with the deceased. It’s possible a judge will issue legal inquiries into the early financial activities of Nakamoto, who disappeared from the internet around 2010.
Figures of significance in the world of cryptocurrency development consider Wright to be discredited, including Vitalik Buterin, the inventor of the Ethereum currency. He’s previously recanted his claims to be Nakamoto, only to make them again.
In 2019, Magistrate Judge Bruce Reinhardt ordered Wright to disclose all of the bitcoin holdings he possessed as a result of a partnership between Kleiman and Wright in 2013, ruling that Reinhardt family is owed half of the currency. Judge Reinhardt also cast doubt upon Wright’s claims to be Nakamoto.
The real Satoshi Nakamoto may eventually become the wealthiest individual in the world, possessing millions of bitcoins that continue to increase in value.
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