Craigh Wright has a dubious reputation within the crypto space. For years, the Australian has presented himself as the intellectual author of Bitcoin, without having provided any valid evidence. The 52-year-old likes to overwhelm critics who doubt his version of the “truth” with waves of complaints. In June of last year, for example, he won a copyright lawsuit against the mysterious Bitcoin.org operator Cøbra, forcing the site to remove the Bitcoin whitepaper.
However, last year, the self-proclaimed inventor of Bitcoin found himself on the hot seat. At the time, Ira Kleiman, the brother of one of Wright’s deceased former business associates, took the computer scientist to court. The Accusation: Wright Has Intellectual Property of the Co-Founded Company W&K Info Defense Research robbed and his business partners cheated.
Craigh Wright has to pay $100 million
The jury found Wright guilty of theft in December 2021 and ordered the Australian to pay $100 million in damages. He was acquitted of the other charges.
The self-proclaimed inventor of Bitcoin has yet to make the payment. As a disciplinary measure, a court in West Palm Beach, Florida, imposed penalty interest of just over $43 million. This arises from a judicial decision of March 9. In addition, Judge Beth Bloom ordered the foreclosure of the required $100 million; it is not known how much of this staggering sum is actually in the possession of the alleged scammer.
Within the crypto community, the verdict is now being celebrated with a mixture of enthusiasm and malice. For example, a user writes on Twitter: “It is good that he is a billionaire with all the Bitcoin. So that’s just a fine for a lunch.”
Meanwhile, the self-proclaimed mastermind of Bitcoin has yet to comment on paying default interest.
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Kryptokompass is the leading German-language magazine on the topics of Bitcoin, blockchain and cryptocurrencies.
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