Appeal Verdict in Wright/Kleiman Litigation Over Billions of Bitcoin and Use of Funds

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A case challenging ownership of multi-billion dollar bitcoins that ended in December with a Florida jury ruling in favor of defendant Craig Wright on all but one count has made the appealed on Friday by the estate of David Kleiman, Reuters reported.

Wright was hit with a single count of unauthorized use of funds involving Kleiman and Wright’s former joint partnership, W&K Info Defense Research, which was awarded $100 million, The Block reported in December. A final judgment in March added $43 million to that.

Yet the jury found that Kleiman was not a partner of Wright in creating bitcoin, which Wright claims to have invented, and therefore not entitled to $47 billion in bitcoin holdings. The case did not attempt to resolve the question of who created Bitcoin, merely whether Kleiman and Wright were partners in doing so.

Wright has been engaged in a legal battle with the estate of his deceased partner since 2018. While he acknowledged Kleiman as a frequent collaborator and friend, Wright argued that Kleiman’s involvement was not enough to constitute a business partnership. regarding the creation of bitcoin. .

Kleiman’s estate is appealing a ruling that rejected an offer for a new trial, a March final judgment awarding the partnership a total of $143 million and “all orders prior” to the final judgment, according to Reuters.

Wright said in a statement Friday, “I won the first time and I expect to win again.”

Kleiman’s lawyers did not immediately respond to a request for comment, Reuters said.

The case is Kleiman v. Wright, US District Court for the Southern District of Florida, No. 9:18-cv-80176.

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