Bitcoin SV Prices Soar After Craig Wright Claims Access to a Bitcoin Fortune

Published on by Cointele | Published on

Craig Wright, the polarizing figure who may or may not be Satoshi Nakamoto, is today telling the court that he has received the keys to access an $8.9 billion crypto fortune called the Tulip Trust.

Some background on what that means: Wright was a business partner to one David Kleiman, and they mined a lot of Bitcoin together back when that was an easier thing to do.

This never happened, so Kleiman's surviving brother is suing Wright for the estate's share.

A complicated and contentious court caseA 2015 investigation pointed to Wright and Kleiman as the possible inventors of Bitcoin, and reporters surfaced a draft of a contract that described the existence of the trust and effectively grants all of it to Wright.

This moved David Kleiman's brother Ira to launch the suit in February 2018.It was a long and drawn out process for the legal system to identify where Wright was storing his crypto assets, and Wright was ultimately found in contempt of court last year for failing to supply a list of any BTC holdings he acquired before December 31, 2013.

Wright then received a court order on January 10, 2020 calling for him to effectively open the kimono on the Tulip Trust.

Dr. Wright notifies the Court that a third party has provided the necessary information and key slice to unlock the encrypted file, and Dr. Wright has produced a list of his bitcoin holdings, as ordered by the Magistrate Judge, to plaintiffs today.

It could easily help Wright continue his "I'm Satoshi" schtick and win him some converts.

In any case, that's what Wright told courts today: he now has access to billions in crypto.

Bitcoin SV soars on the newsBitcoin Satoshi Vision, a Wright-led fork of Bitcoin Cash that purports to more closely adhere to the anonymous Bitcoin creator's true ideas about cryptocurrency, surged today.