Craig Wright ‘wins’ multi-billion dollar Bitcoin lawsuit on all grounds except one
Self-proclaimed Satoshi Nakamoto, Craig Wright, just won a major lawsuit where the Miami jury ruled in his favor. He was pitted against the family of his ‘former business partner’ with 1.1 million Bitcoin worth around $54 billion at stake. This was the amount of Bitcoin mined and held by Satoshi, the value of which has gone up multifold since.
Wright’s attorney told Law360 that the plaintiffs were asking for $600 billion plus punitive damages for breach of a business partnership, a claim the jury rejected.
However, Wright has to pay $100 million to W&K Info Defense Research LLC, a company co-founded by Wright and his late former business partner Dave Kleiman in 2011. The Australian businessman has to pay compensatory damages for conversion.
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