Bitcoin ‘Inventor’ Ordered To Give Up Half Of Bitcoin Holdings

Law360 (August 27, 2019, 10:35 PM EDT) -- Self-proclaimed Bitcoin inventor Craig Wright must give up half his bitcoin trove, presumably worth billions of dollars, and half his Bitcoin-related intellectual property after willfully failing to comply with court orders, a magistrate judge in the Southern District of Florida said Tuesday.

The order penned by Magistrate Judge Bruce E. Reinhart said the sanctions against Wright were appropriate given his “continued non-compliance” with court orders that required he provide information about his bitcoin holdings in a case where the estate of his late business partner David Kleiman claimed Wright sought to seize bitcoin owned by Kleiman following his death.

Wright will...

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