Judge Orders Man to Hand Over Billions in Bitcoin

Craig Wright has claimed to be Satoshi Nakamoto
By Kate Seamons,  Newser Staff
Posted Aug 28, 2019 9:15 AM CDT
Updated Aug 28, 2019 9:58 AM CDT
In this Monday, April 7, 2014, file photo, a man enters the Inside Bitcoins conference and trade show, in New York.   (AP Photo/Mark Lennihan, File)

(Newser) – A new twist in the mystery of Craig Wright and Satoshi Nakamoto, the alias of the creator of bitcoin. There was much hullabaloo in May 2016, when Wright—whom Wired had months earlier identified as likely being Nakamoto—said he was indeed the man behind the curtain. But just days later the Australian said he didn't have the "courage" to share the iron-clad proof he said he had. On Tuesday, a US district court in Florida ordered Wright to part with half of the bitcoin he possesses, which the Guardian reports is said to be worth billions. Bloomberg gets more specific, reporting that would come to 410,000 bitcoins, which were each valued at $10,162 Tuesday; that's $4.16 billion.

  • Judge Bruce Reinhart said it wasn't the court's job to establish whether Wright is Nakamoto or how much bitcoin he has; it needed to rule on whether David Kleiman's estate had the rights to part of Wright's haul. Reinhart found it did.

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