Home Source code Self-proclaimed $47 billion bitcoin inventor’s prize disputed by ex-partner’s estate

Self-proclaimed $47 billion bitcoin inventor’s prize disputed by ex-partner’s estate

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A bitcoin logo is seen at the entrance to the Miami Beach Convention Center during the 2022 Bitcoin Conference in Miami Beach, Florida, U.S. April 6, 2022. REUTERS/Marco Bello

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  • David Kleiman’s Estate Won $143M, But Lost More Valuable Bitcoin Holdings
  • Kleiman’s brother says inventor’s lawyers biased jury against him

(Reuters) – The estate of computer scientist David Kleiman on Friday appealed a Florida court award to Kleiman’s former business partner, self-proclaimed bitcoin creator Craig Wright, in a dispute over intellectual property rights and bitcoin holdings now worth billions of dollars.

A Miami federal jury awarded $100 million to Kleiman and Wright’s former partnership in December, finding that Wright had taken intellectual property rights related to bitcoin, such as source code that belonged to the partnership.

But the jury also rejected the estate’s claim of ownership over disputed bitcoin holdings worth billions of dollars, and it cleared Wright of the theft and fraud allegations. The jury did not award damages to Kleiman’s estate.

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Kleiman’s brother, Ira, filed a lawsuit on behalf of the estate in 2018 and said at the time that bitcoin was worth more than $10 billion. Today, the 1.1 million bitcoins involved in the case are worth more than $47 billion.

Kleiman appeals a decision who rejected his bid for a new trial based on his claims that Wright’s attorneys had biased the jury against him, a March final judgment awarding the partnership a total of $143 million and “all prior orders” to the final judgment.

Kleiman had requested a new trial on the grounds that Wright’s lawyers had repeatedly told jurors the brothers were estranged, including noting that Ira had not seen David in more than three years when he died in 2013 He argued that this was an attempt to convince the jury. that he was “somehow unworthy” of a verdict in his favour.

U.S. District Judge Beth Bloom denied Kleiman’s request in February, in part because he did not dispute the statements at trial. Bloom also said she was not convinced the statements were prejudicial enough to warrant a new trial.

The bitcoin at the heart of the matter is said to have been mined by Satoshi Nakamoto, who wrote a white paper outlining the framework for what would become the cryptocurrency. Wright said he was Nakamoto, which has been disputed.

“I won the first time and I expect to win again,” Wright said in a statement Friday. His lawyer Andrés Rivero de Rivero Mestre said the trial was “eminently fair”.

Kleiman’s attorneys did not immediately respond to a request for comment.

The case is Kleiman v. Wright, US District Court for the Southern District of Florida, No. 9:18-cv-80176.

For Kleiman: Velvel Freedman and Kyle Roche of Roche Freedman, Andrew Brenner, Maxwell Pritt and Alexander Holtzman of Boies Schiller Flexner

For Wright: Andrés Rivero de Rivero Mestre

Read more:

Self-proclaimed bitcoin inventor wins big in $54 billion bitcoin lawsuit

Verdict against self-proclaimed Bitcoin inventor climbs to $143 million

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