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Craig Wright and Kleiman Estate hoping to resolve the biggest Bitcoin battle

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The self-declared Bitcoin creator Craig Wright and Kleiman Estate, the estate of Dave Kleiman who is reportedly entitled to half of Wright’s Bitcoin possessions are now entering the final stages of the year-long lawsuit, reports Florida federal court on Sep 17.

Both, Craig Wright and Kleiman Estate have requested for thirty days extension for all case-related deadlines in a bid to settle the ten billion dollars ($10 billion) lawsuit. Both of them have agreed that a final non-binding agreement is the only peaceful resolution to this long-standing legal scuffle.

Thus, a joint motion confirms that the parties are carrying out extensive negotiations over settling what is claimed to be the most prominent Bitcoin battle in history. 

Craig Wright and Kleiman Estate gave the biggest Bitcoin case in history

The billion-dollar proceedings began last year when Ira Kleiman, brother of the deceased inheritor and Wright’s former business partner, Dave Kleiman, sued Wright for denying the Kleiman family of its rightful inheritance.

Reportedly, both Kleiman and Wright mined one million Bitcoins together, which makes Kleiman a rightful heir to five hundred thousand Bitcoins. Today, they are worth as much as ten billion dollars ($10 billion).

Following a denial of ownership from Wright, the judge condemned Wright for concealing his holdings and producing counterfeit documents to the court. On Aug 27, he was ordered to surrender fifty percent of Bitcoins mined prior to Dec 2013.

Besides, the self-proclaimed Satoshi Nakamoto’s testimony was repeatedly found to be unscrupulous on many occasions. Naturally, a settlement agreement was the next best thing to do.

So far, Craig Wright and Kleiman Estate case has attracted wide publicity in the press. However, given the nature of the settlements, the details of the bargain may not be revealed to the public. Moreover, with the case entering the agreement without a judge’s ruling on Satoshi’s identity, the search for the real Satoshi will continue.

Manasee Joshi

Manasee Joshi

An avid reader and an enthusiastic writer, Manasee recently chose to dedicate her time doing freelance writing. A degree in English literature and experiences in Administration, HR, finance, literature, creativity and innovation tucked under her belt, she crafts engaging and compelling content for crypto and blockchain audience.

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