- Self-acclaimed Bitcoin founder says a group of Bitcoin developers stole 111,000 Bitcoin from him.
- This group of Bitcoin developers is countering the claim. They say Craig Wright admits to stealing 80,000 Bitcoin.
Many people claim to be Bitcoin founders, including Craig Wright. Apparently, there’s a case between him and some Bitcoin core developers. The bone of contention here ranges from theft. The defendants of this case accuse acclaimed Bitcoin founder Wright of stealing Bitcoin. On the other hand, Wright (plaintiff) is also accusing them of the same. What could be the issue here?
Acclaimed Bitcoin Founder Ongoing Lawsuit
- Before proceeding to the claims of stealing over 80,000 Bitcoin, we need to shed light on the ongoing legal case. Apparently, there’s an ongoing lawsuit filed by Craig Wright, the self-proclaimed inventor of Bitcoin. Wright is making a claim against the Bitcoin Legal Defense Fund, saying that they stole about 111,000 of his Bitcoins.
- According to this acclaimed Bitcoin founder, he says Mt Gox exchange stole his Bitcoins. But on the other hand, the defendants, in this case, filed a preliminary issue application with the UK High Court. Their filing says what Craig Wright is saying is far from the truth. This new filing was made to dismantle many of the plaintiff’s (Craig Wright’s) claims.
Craig Wright Owns No Bitcoin — Says Defense Attorney
- Timothy Ellis, an attorney with Enyo Law LLP, said in the filing that the case from Wright is an abuse of the law. Apparently, the major argument of the defendants, in this case, is that Wright has no evidence or documentation of owning such Bitcoin.
- Furthermore, the defendants are saying the few documents Wright presented to the court to prove this case is abuse. There are calls of fabrication from the defendants. Therefore, they call on the judge to strike out the lawsuit from the acclaimed Bitcoin founder.
- Note that the turning point of this case could be the preliminary issue application. A preliminary issue application is a legal strategy to resolve specific issues before a trial by addressing key points. In this case, the defendants want to resolve Wright’s claims of owning Bitcoin.
Bitcoin Founder Admits To Stealing 80,000 Bitcoin
- The case between the purported Bitcoin founder and the Mt Gox exchange is taking a new turn of events. Recently, the Bitcoin Legal Defense Fund accused Craig Wright of admitting to stealing 80,000 Bitcoin. The defense attorney says Wright stole some BTCs if he claims to own the Bitcoins in the case.
- Furthermore, the defense council says if Wright is the owner, he admits to stealing 80,000. Assuming this claim is true, then Craig Wright has his hands on more than $2 billion worth of Bitcoin.
Conclusion
Craig Wright is the self-acclaimed Bitcoin founder. But he is in a legal case between the 12 Bitcoin Core developers. Craig Wright is saying that they stole about 111,000 Bitcoin from him. On the other hand, the defense council is saying Wright is admitting to stealing 80,000 Bitcoin with his claims.
