One of the most interesting personalities within the crypto industry is undoubtedly Craig Wright. The Australian computer scientist has been embroiled in different forms of scandal in the last few years which has made him rather notorious. One of the most famous scandals he has been involved in is his constant claim that he Satoshi Nakamoto, the inventor of bitcoin, a claim he continues to insist is true. He has also been involved in feuds with several people within the crypto industry mostly due to his insistence on being Satoshi Nakamoto and this even led to his flagship token, bitcoin SV, being delisted from several exchanges this year.
In recent court documents dated November 1, 2019, Craig Wright supposedly told courts that he does not have enough money to finance a $4.5 billion settlement in the case of him versus the estate of David Kleinman.
Low Funds and Stolen Bitcoin
The case in question is between Craig Wright and the estate of David Kleinman, a late scientist who it is believed Wright stole up to $5 billion in bitcoin from before his death. Previously, the case had evolved from the litigation to a settlement case and the plaintiff had joints Wright’s request to extend the deadline till late October 2019 but now it seems that he has broken the settlement terms.
“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 document says.
The document in question is an expedited motion to depose an out-of-state witness. According to the motion, the plaintiff had begun settlement talks with Wright which implied that Wright had the funds to cover the settlement of the estate but that has changed.
Because of this, the plaintiff is now preparing for a trial and they have contacted James Wilson, who was the chief financial officer of Wright’s companies in 2012 and 2013. This was the time when Wright alleges that he sold interest in his company to David Kleinman in exchange for a fortune in bitcoin, a claim that his estate denies. Wilson has stated that he will be available for deposition in Washington DC on November 8, 2019. However, the defense said that they are not consenting to depose him on the dates.
“Under the Local Rules of this District, parties must have 7-days notice for a deposition in Florida, but 14-days notice for an out of state deposition,” official court documents state.
The plaintiffs have now requested that both Wilson on the defendants be able to attend the deposition via video link within 14 days, which might be earlier than requirements.