Australian who claims to have invented Bitcoin keeps $71b crypto fortune

Craig Wright, an Australian computer scientist who claims to be the inventor of Bitcoin, prevailed in a US civil trial verdict Monday against the family of a deceased business partner that claimed it was owed half of a cryptocurrency fortune worth tens of billions.

A Florida jury found that Dr Wright did not owe half of 1.1 million Bitcoin to the family of David Kleiman. The jury did award US$100 million ($142 million) in intellectual property rights to a joint venture between the two men, a fraction of what Mr Kleiman’s lawyers were asking for at trial.

“This was a tremendous victory for our side,” said Andres Rivero of Rivero Mestre LLP, the lead lawyer representing Dr Wright.

At the centre of the trial were 1.1 million Bitcoin, worth approximately US$50 billion ($71.03 billion) based on Monday’s prices.

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Source: Australian Craig Wright, who claims to have invented Bitcoin, keeps $71b crypto fortune after US trial