What Craig Wright’s Non-Payment Saga Means for Bitcoin Markets

It looks like the Satoshi Nakamoto saga will continue into the next year. According to the latest news, Bitcoin SV founder Craig Wright has declined to pay the Kleiman Estate a 500,000 Bitcoin ($4.5 billion) settlement.

The estate, which is represented by Ira Kleiman on behalf of Dave Kleiman, is reported to have entered into a non-binding agreement with the blockchain scientist in September to settle the case away from the courts. Wright is alleged to have implied that he had the means to pay the sum, but on Oct. 30, he broke the agreement. Craig stated that he lacked the finances to fund the settlement.

According to the court documents, the plaintiff has been forced to restart the litigation process as a result. Dave’s estate currently seeks for the deposition of James Wilson, an Australian who was the CFO at Craig’s companies between 2012 and 2013, when Dave was alive.

Reference: https://www.ccn.com/what-craig-wrights-non-payment-saga-means-for-bitcoin-markets/

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