Craig Wright Must Pay Extra $43M In Prejudgment Interest

Craig Wright must pay an extra $43 million in prejudgment interest on top of the previously ruled $100 million as we can see more today in our latest cryptocurrency news today.

The federal judge in West Palm Beach Florida ruled that Craig Wright must pay an extra $43 million to W&K Info Defense Research. The latter is a company that he and Dave Kleiman founded almost 10 years ago. According to the court, Wright unlawfully seized intellectual property that belonged to the joint venture for years.

The Australian computer scientist Craig Wright is still one of the most controversial individuals in the crypto space who said he invented bitcoin. However, the businessman was not able to provide enough evidence over the years to prove he is indeed Satoshi Nakamoto. Wright was a close friend of Dave Kleiman and they established a venture dubbed W&K Info Defense Research. However, Kleiman died in 2013 and caused even more controversy around the Bitcoin inventor.

The brother of David Kleiman, Ira Kleiman launched a lawsuit against Wright and the jury was required to evaluate the charges including whether the Australian was liable for stealing or fraud. While found liable for fraud, he was cleared of other claims and Wright had to pay $100 million in conversion for stealing Kleiman’s company in Florida. According to recent court documents, District Judge Beth Bloom ordered him to pay $43 million in prejudgment interest on damages. The company’s lawyers stated that the ruling set a historical precedent in the crypto industry.

The invention of bitcoin is still a remarkable event in the evolution of the crypto sector. While bitcoin is gradually making its way into the global financial system but it is still unknown who created the coin. Satoshi Nakamoto’s decision to stay anonymous is genius but it only enhances the pseudonymous nature of the digital asset. The author of the “Bitcoin Standard” by Dr. Saifedean Ammous, said there are many great inventions but no one knows who created them:

“You use the wheel every day, but you don’t know who invented the wheel, and we use a lot of things every day not because we trust the guy who invented them but because they have a proven track record.”

In line with the assumptions that everyone can be Satoshi, Hungarian sculptors built a statue of him in Budapest. The figure does have a face but it is made out of a reflective surface so everyone stares in their own reflection, confirming the idea that “we are all Satoshi.”