It appears that Craig Wright is running low on cash as he fails to finance his court settlement negotiated with the Kleiman estate. The case is one of the most interesting ones to monitor within the cryptocurrency field. Craig Wright, who also claims that he is the creator of Bitcoin, has been accused by the brother of now-deceased David Kleiman that he has stolen a sum of bitcoins.
Is Craig Wright Running Low On Cash?
A court document, filed in the Southern District of Florida, indicates that Craig Wright has pulled out of the settlement agreement where he would give up his bitcoin which was mined before 2014.
It’s interesting to note that as the settlement is broken, the trial motions are back on. In late August, Craig Wright was held in contempt of court because he didn’t manage to disclose the complete list of his bitcoin addresses. Supposedly, his holdings should amount to a total of 1.1 million bitcoins.
Back then, he claimed that the cryptocurrency was inaccessible because of its encryption scheme and because of the death of his former business partner – David Kleiman.
It’s also worth mentioning that there were doubts that the self-proclaimed Satoshi Nakamoto could end up having to turn over his holdings and that this could turn into a possible BTC dump on behalf of Kleiman’s brother.
Wright’s Legal Battles
It’s safe to say that the legal battles that Craig Wright is involved in require a lot of resources. Not only that, but he is also seemingly looking for more challenges in this regard. He had previously stated that he intends to take to court anyone who denies his claims that he is the real Satoshi Nakamoto.
Most notably, one of his most recent cases was against popular cryptocurrency podcaster Dr. Peter McCormack.
He filed a libel claim against him which is for 100,000 GBP. McCormack has since taken the opportunity to fight off his case and to attempt to show that Wright isn’t, in fact, Satoshi Nakamoto.
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