Craig Wright has pulled out of the settlement with the Kleiman estate, claiming he was unable to finance the 500,000 BTC payoff. Wright lost the case against Kleiman earlier in August and was ordered by the court to hand over half of the 1 million bitcoin he mined before 2014 to the estate of his former partner.
Wright v. Kleiman case back on
According to a Nov. 1 motion filed by Kleiman’s legal counselors Roche Freedman, both parties have reached a “non-binding settlement in principle” after several in-person meetings and numerous phone conferences.
The plaintiffs claim they stopped active litigation and focused on drafting binding settlement papers. However, about a month and a half into the process, they found their efforts to be futile.
Roche Freedman wrote in the motion:
“On October 30, without any advance notice, Plaintiffs were informed Craig could no longer finance the settlement and was “breaking” the non-binding settlement agreement.”
The Kleiman estate is now preparing for trial, with the next trial date set for Mar. 30, 2020.
Wright fights back against an important witness deposition
The first thing on Roche Freedman’s agenda was to obtain a deposition from James Wilson, who served as a chief financial officer of several Wright’s companies in Australia between 2012 and 2013.