Judge Lifts Hefty Sanctions Against Bitcoin Founder

Law360 (January 10, 2020, 10:03 PM EST) -- A Florida federal judge on Friday vacated a magistrate judge's order requiring self-proclaimed Bitcoin inventor Craig Wright to give up billions of dollars in bitcoin, ruling that the sanction went too far in punishing Wright for disobeying discovery orders in a bitter dispute with his former partner's estate.

U.S. District Judge Beth Bloom said U.S. Magistrate Judge Bruce Reinhart's sanctions order — which declared that Wright had a 50-50 partnership with bitcoin co-founder Dave Kleiman and ordered Wright to hand over half of his bitcoin holdings to Kleiman's estate — was too harsh a punishment for Wright's failure to comply with...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!