Self-proclaimed Bitcoin creator and Bitcoin SV Founder, Craig S Wright, “pulled out of settlement talks” in the Dave Kleiman case in which the court ruled in favor of the latter last month. The estate of Dave Kleiman [now deceased] had initiated a lawsuit against Wright for allegedly stealing $5,118,266,427.50 worth of Bitcoin. Following which Wright was forced to enter settlement talks with the estate of his late partner Dave Kleiman after the judge ruled that he owed over $10 billion in the dispute.
A document revealed by Bitcoin investor Alister Milne stated that:
“Plaintiffs were informed Craig could no longer finance the settlement and was ‘breaking’ the non-binding settlement agreement.”
Taking a dig at Wright and his supporter Calvin Ayre, the British entrepreneur tweeted:
“Craig Wright pulls out of settlement talks with Kleiman… says he can ‘no longer finance’ a settlement. CSW is broke and Calvin Ayre won’t pay? I guess Kleiman wants half of zero instead…”
The official document concluded that the motion was “time-sensitive” and “required a ruling before November 7, 2019”, on failing which, “the issue will become moot as the deponent will no longer be available for deposition in the United States.”
Chayanika is a full-time cryptocurrency journalist at AMBCrypto. A graduate in Political Science and Journalism, her writing is centered around regulation and policy-making regarding the cryptocurrency sector.