- Craig Wright has refused to pay Dave Kleiman’s estate a $4.5 billion settlement.
- The defendant had agreed to enter into a non-binding agreement with the promise that Wright would end up paying.
- The turn around has seen litigation proceedings start again.
It seems like the Satoshi Nakamoto drama will continue into the next decade. The Bitcoin SV founder Craig Wright has just this week straight up refused to pay the Kleiman Estate a 500,000 Bitcoin ($4.5 billion) settlement.
Represented by Ira Kleiman on behalf of Dave Kleiman, the estate is reported to have entered into a non-binding agreement with the self-proclaimed Satoshi Nakamoto in September. This was in order to settle the case away from the courts and legal councils.
Wright is supposed to have suggested that he had the means to pay the sum, but at the end of last month, he broke the previously agreed plan. Craig has said that he didn’t have the money to fund the agreement.
According to the official documents from the court, the prosecutor has been forced to start the whole process against Wright again. Kleiman’s estate is currently looking for the deposition of the Australian, James Wilson, who was the CFO at Wright’s different businesses between 2012 and 2013 when Dave was still with us.
For the future, Wilson’s argument will be consequential in ascertaining the facts behind the ownership of the cryptocurrency owning that Wright has been allegedly hoarding.
As per CCN a recent interview with Modern Consensus saw Wright say:
“Florida laws require that a tax of 40 percent be paid on such assets. Because the Kleiman estate is unlikely to have the $2 billion in cash to pay off the levy, some of the acquired digital assets will have to be sold, and selling off such a substantial amount of bitcoin is going to saturate the market and cause prices to fall.”
It will be interesting to see how this Craig Wright situation plays out. For more news on this and other crypto updates, keep it with CryptoDaily!