Would-Be Bitcoin Creator Must Fork Over $4 Billion to Ex-Partner

Aug. 27, 2019, 9:06 PM UTC

The man who claims to have invented Bitcoin a decade ago submitted false documents and lied in a legal dispute with the estate of his former partner, a judge ruled, adding that Craig Wright has to surrender more than $4 billion of the cryptocurrency.

U.S. Magistrate Judge Bruce Reinhart in West Palm Beach, Fla., ruled Aug. 26 that the late Dave Kleiman owned half of all Bitcoins that Craig mined through 2013, and half of all intellectual property he created, according to a court transcript. That would give title to more than 410,000 Bitcoins to Kleiman’s estate. One Bitcoin was ...

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