RATE Group | Would-be Bitcoin creator’s motion to dismiss lawsuit is denied
58363
post-template-default,single,single-post,postid-58363,single-format-standard,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

Would-be Bitcoin creator’s motion to dismiss lawsuit is denied

17 Aug Would-be Bitcoin creator’s motion to dismiss lawsuit is denied

Posted at 04:06h in Bitcoin News by

[ad_1]

INTERNATIONAL – Craig Wright, the controversial entrepreneur who claims he created Bitcoin under a pseudonym, must defend a lawsuit claiming he stole cryptocurrency and intellectual property worth billions from a late business partner, a judge said.

U.S. District Judge Beth Bloom ruled Thursday that the federal court in Florida has jurisdiction over the case. The judge didn’t address the merits of the claims.

The case has captivated those in the cryptocurrency community, in part because of Wright’s claims that he invented Bitcoin a decade ago under the name Satoshi Nakamoto. Wright’s prior efforts to prove he developed the computer software has been greeted with skepticism. 

The addresses credited to Satoshi Nakamoto own about $10 billion of the coins. Bitcoin SV, an offshoot that Wright supports, has a market capitalization of about $2.4 billion, and its value could be impacted by the findings in this case as well.

In a complaint filed last year, the estate of…

[ad_2]

Source link

Tags:
, , , , , ,