01/01/19 11:00 UTC-4

nChain’s chief scientist accused of stealing 300,000 BTC ($ 4 billion)

In the US, the court rejected repeated requests from nChain’s chief scientist, Craig Wright, to cancel the $ 4 billion lawsuit against him, as reported by the CoinTelegraph news agency.

At the final stage of the ongoing trial of Wright's theft of Bitcoin crypto-coins (BTC) from the estate of the late cryptographic developer David Kleiman, a judge in the District Court of South Florida dismissed the charge withdrawal request.

Recall that the original case was brought to court in February. Then the Kleiman family said that Wright stole about 1.1 million BTC after David Kleiman’s premature demise.


The case of the theft of 300 000 BTC: court decision

Craig Wright, who proclaimed himself the creator of Bitcoin Satoshi Nakamoto, hired Kleiman as an assistant to research cryptocurrency assets and blockchainBlockchain
is a continuous and sequential block chain of information (digital linked list). When building a blockchain, copies of related blocks are simultaneously stored on multiple computers.Details
technology. After Kleiman's death, in 2013, Wright told the relatives of the deceased that he would help translate crypto-coins into fiat money.

Wright did so, but did not return the funds, as the Kleiman family claims. In the amended lawsuit, which was confirmed by Judge Beth Bloom, the theft amount is 300,000 BTC (about 4 billion US dollars).

"The court concludes that the plaintiffs demanded the conversion of Bitcoin cryptocurrency. (...) The amended complaint states that the defendant converted at least 300,000 Bitcoins after the death of David Kleiman, and transferred them to various international trusts, which was an unauthorized act that deprived the plaintiffs of the inheritance (...) Accordingly, the claimants ’claim for conversion remains in force, in accordance with the respondent’s motion to drop the charges." – from the statement of Judge Beth Bloom.

According to the law, Craig Wright must, by January 10, return the Bitcoins stolen from the Kleiman family. The nChain company scientist was accused of stealing 300,000 BTC ($ 4 billion) – it was not an easy year for a scientist. In addition to court proceedings, Craig Wright also took an active part in the Bitcoin Cash hardforkHardfork
– a fundamental change in the source code, incompatible with the old protocol and the used software.Details
and became a co-founder of Bitcoin SV.

Editor: Alyona Nabok

See also: "Undisclosed US cryptocurrency cases: only $ 36 million returned to investors"

#court #Bitcoin #David Kleiman #Craig Wright #BTC #nChain



07/05/19 06:00 UTC-4

Bitcoin rate is growing: BTC crossed the $6,000 barrier

On May 7, the first Bitcoin cryptocurrency increased by 4.29%. Now, the weighted average rate of digital gold is $5,929. At the same time, the "high" deals in today's trading session have already crossed the border of the psychological barrier of $6,000.

Hypes, funds, fiat money