Follow Up: Judge Decides To Proceed With $1 Million Lawsuit Against Craig Wright

Following up on our crypto news, Craig Wright’s motion to have the lawsuit against him that accuses him of stealing bitcoin has been denied by the United States District in South Florida.

The ruling delivered by Beth Bloom, dismissed two of the counts that have been brought up by the plaintiff Ari Kleiman which means that the defendant Craig Wright will still answer on seven counts in January 2019.

The case goes back when Wright was a partner with Ari’s brother, late Dave Kleiman and the lawsuit was worth about $10 billion but the bear market brought down a huge chunk of the value. Kleiman was registered as a managing member of the company while Wright was pointed as an authorized representative, technical contact and legal agent.

After Kleiman died, Wright had allegedly transferred bitcoins owned by the W&K Company to himself. According to Ari Kleiman, Dave’s estate is estimated to a minimum of 300,000 bitcoins.

Wright hoped to have the lawsuit dismissed by raising multiple objections such as failure to bring this action as a derivative suit, having this matter already been solved by a judge, the inability to have a more appropriate court to take a look at the case and lack of personal jurisdiction.

Speculations piled up as some even believe that while unraveling the case, there is a huge chance for the prosecutors to solve one of the biggest mysteries in the crypto world-the identity of Satoshi Nakamoto. There are people who think that Kleiman is the creator of Bitcoin and hope to find out after the court brings a decision.