Infamous cryptocurrency figure Craig Wright faces newfound legal challenges over more than 1 million Bitcoin (BTC) after addresses listed in the Tulip Trust were used to sign a message labeling him a fraud. Wright has long been a divisive figure within the cryptocurrency community, having made unverified claims of being Satoshi Nakamoto, the founder of Bitcoin.

These claims have been met with derision and disbelief by various prominent industry participants, including Ethereum founder Vitalik Buterin, podcast host Peter McCormack and Bitcoin Cash (BCH) proponent Roger Ver. Wright went as far as filing lawsuits for libel in the United Kingdom against McCormack, while Buterin and Ver were also recipients of legal notices from Wright’s lawyers. Wright’s initial case against Ver was dismissed in a U.K. court, and although he appealed the dismissal, it was then dismissed again by the court on May 29.

Wright has also been embroiled in a lengthy court case relating to the estate of his former business partner since 2018. Ira Kleiman, the brother of Wright’s late business partner David Kleiman, has laid claim to half of 1.1 million BTC that Wright and Kleiman reportedly mined together as part of a group of people who worked on creating the Bitcoin network.

As Cointelegraph has previously reported, the Kleiman legal team is not out to prove or disprove the actual identity of Satoshi Nakamoto, but provide enough evidence in order for their clients to be awarded the claim to proceeds purportedly held by Wright. The case essentially rests on the ability of either proving or disproving that Wright is in possession of various private keys to early wallets that are believed to belong or have been used by Satoshi.

A long history of claims

Wright’s reputation in the crypto community has been under a cloud for many years, given his history of claims and aggressive rhetoric toward industry peers. Back in May 2016, Wright claimed to have access to the cryptographic keys

… Continue Reading at: cointelegraph.com [source]