• Live Crypto Prices
  • Crypto News
    • Worldwide
      • Bitcoin
      • Ethereum
      • Altcoin
      • Blockchain
      • Regulation
    • Australian Crypto News
  • Education
    • Cryptocurrency For Beginners
    • Where to Buy Cryptocurrency
    • Where to Store Cryptos
    • Cryptocurrency Tax in Australia 2021
No Result
View All Result
CryptoABC.net
No Result
View All Result

‘Faketoshi’ May Need to Pay More Damages – or Face a Retrial – in New Episode of Kleiman vs. Wright

January 5, 2022
in Crypto News
Reading Time: 3min read
0 0
A A
0
‘Faketoshi’ May Need to Pay More Damages – or Face a Retrial – in New Episode of Kleiman vs. Wright
0
SHARES
4
VIEWS
ShareShareShareShareShare
Craig Wright. Source: a video screenshot, Coingeek

 

The Australian computer scientist Craig Wright – a man who is known to the crypto community as “Faketoshi” due to unproven claims that he’s Satoshi Nakamoto – may have to return to court this year.

Wright spent much of last year fighting a protracted legal battle with the estate of his former associate Dave Kleiman, who died in 2013. The case was brought forward by Kleiman’s brother Ira, and it appeared to have finally concluded late last year with both sides claiming victory – and Wright ordered to pay USD 100m in damages to W&K Info Defense Solutions, a firm he part-owns under his and his wife’s name.

But per court documents filed today, Ira Kleiman and his legal team want to resume the battle – in a brand new trial. The Kleiman legal team wrote:

“A new trial is necessary […] because [the] defense counsel repeatedly violated the court’s order, the issues in dispute were close, the violations were prejudicial and counsel intentionally elicited the information and focused on it during the trial.”

However, the lawyers noted that a “partial (rather than full) retrial” was “appropriate.” The lawyers claimed that Wright’s legal team had sought to underplay the sibling relationship between Dave and Ira Kleiman.

The Kleiman estate’s central claim is that Wright stole bitcoin (BTC) from his former friend (or, as Kleiman’s legal team have claimed, business partner), following the latter’s death. Wright, who told the court that he was Nakamoto, refuted the claims.

A fresh installment of the legal slog will depend on the verdict of the District Court for the Southern District of Florida – although Wright’s legal team could well seek to file its own legal response.

But it appears a retrial is not the only legal option on the table for the Kleiman estate. In another legal document, W&K filed a request for over USD 43.1m in pre-judgment interest – in addition to the USD 100m Wright has been ordered to pay, plus post-judgment interest, suggesting Wright has not yet paid up.

W&K asked the court to charge pre-judgment interest dating back to November 2013, when an Australian court ruled on a “conversion of intellectual property” instance between Wright and W&K.

The lawyers made note of legal precedent from a 1991 case held in Miami, whereby the court ruled that the “measure of damages in an action for conversion under Florida law is the fair market value of the property converted, together with interest at the legal rate from the date of the conversion to the date of the judgment.”

____

Learn more:
– USD 100M Jury Verdict in Craig Wright Case Brings More Confusion
– Craig Wright & Deadlock, Randi Zuckerberg Gets a Crypto Task + More News

– Satoshi-era Bitcoin Miner Calls Craig Wright a Fraud Using “His” BTC Addresses
– Craig Wright Wins Bitcoin White Paper Copyright Case on Technicality

– Craig Wright to Return to Court after ‘Failing’ to Pay Settlement
– Craig Wright Fights Back: ‘You Don’t Understand Digital Signatures At All’

Credit: Source link

ShareTweetSendPinShare
Previous Post

Kosovo Imposes Ban on Crypto Mining After Facing Electricity Crisis

Next Post

Polinate Games & Guilds to Support Ambitious Projects to Raise Funds

Next Post
Polinate Games & Guilds to Support Ambitious Projects to Raise Funds

Polinate Games & Guilds to Support Ambitious Projects to Raise Funds

You might also like

Solana Price Prediction: Mastercard Just Picked Solana for a Global Crypto Program — Is SOL About to Explode?

Solana Price Prediction: Mastercard Just Picked Solana for a Global Crypto Program — Is SOL About to Explode?

March 13, 2026
Ethereum Gains New Inflow Channel As BlackRock’s ETHB Starts Trading

Ethereum Gains New Inflow Channel As BlackRock’s ETHB Starts Trading

March 13, 2026
Crypto Price Prediction Today 13 March – XRP, Pi Coin, TRUMP

Crypto Price Prediction Today 13 March – XRP, Pi Coin, TRUMP

March 13, 2026
Bitcoin Bear Market Could Be Shrinking, But Are We Watching History Repeating Itself?

Bitcoin Bear Market Could Be Shrinking, But Are We Watching History Repeating Itself?

March 8, 2026
Zcash Spinout ZODL Raises $25M After Electric Coin Company Exodus

Zcash Spinout ZODL Raises $25M After Electric Coin Company Exodus

March 10, 2026
Bitcoin Slumps to $66K as Oil Breakout Adds Macro Pressure

Bitcoin Slumps to $66K as Oil Breakout Adds Macro Pressure

March 9, 2026
CryptoABC.net

This is an Australian online news/education portal that aims to provide the latest crypto news, real-time updates, education and reviews within Australia and around the world. Feel free to get in touch with us!

What's New Here!

On-Chain Data Shows Why Bitcoin’s Next Stop Could Be At $82K

On-Chain Data Shows Why Bitcoin’s Next Stop Could Be At $82K

March 15, 2026
Bitcoin Probes $73,000 Liquidity Pocket: Is The Next Leg Toward $80,000 Loading?

Bitcoin Probes $73,000 Liquidity Pocket: Is The Next Leg Toward $80,000 Loading?

March 15, 2026

Subscribe Now

  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2021 cryptoabc.net - All rights reserved!

No Result
View All Result
  • Live Crypto Prices
  • Crypto News
    • Worldwide
      • Bitcoin
      • Ethereum
      • Altcoin
      • Blockchain
      • Regulation
    • Australian Crypto News
  • Education
    • Cryptocurrency For Beginners
    • Where to Buy Cryptocurrency
    • Where to Store Cryptos
    • Cryptocurrency Tax in Australia 2021

© 2021 cryptoabc.net - All rights reserved!

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Please enter CoinGecko Free Api Key to get this plugin works.