The jury will determine the fate of the multi-billion dollar Bitcoin lawsuit involving Craig Wright – Bitcoin News

The jury will determine the fate of the multi-billion dollar Bitcoin lawsuit involving Craig Wright – Bitcoin News


On Tuesday, November 23, the closing speeches of both parties in the Kleiman v. Wright case are over, and now ten jurors will determine the fate of the $1 billion Bitcoin lawsuit. Although Craig Wright claimed that he was Satoshi Nakamoto, he also insisted that the now-deceased Dave Kleiman did not help create Bitcoin. The plaintiff hopes to win huge amounts of funds and intellectual property (IP) estimated to be worth billions of dollars.

Kleiman v. Wright trial is coming to an end

notorious Kleiman v. Wright The trial is coming to an end, and the cryptocurrency community is about to witness the long-awaited decision made by the jury in Miami, Florida. The plaintiff’s lawyer Vel Freedman, who represented Kleiman’s estate, tweeted about the case when the closing statement was over and the jury left to make a decision. “Kleiman v. Wright update: the case is submitted to the jury. The closing ceremony is complete. Now we wait,” Friedman explain Tuesday afternoon (Eastern Standard Time).

Friedman further thanked some colleagues who helped his law firm deal with the case. After closing the case, it is now up to ten jurors to decide. The jurors did not reach a conclusion on Tuesday, and the court jurors will meet again on Monday. Kurt Wuckert Jr. of Coingeek Tweet Regarding this case, Friedman was added after the closing submissions.

“Wilfriedman performed very well against Kleiman today,” said Wooker Jr. “Riviero accidentally spilled water on his notes and encountered technical difficulties. He caught his pace and put forward his own point of view, but Friedman’s performance was very direct and effective The jury is now considering.”

“A judgment close to a trillion dollars”

Various estimates point out that if the plaintiff wins, the judgment of the lawsuit may lead to large-scale orders. Coingeek contributing writer Jordan Atkins estimate The judgment may see that the Kleiman estate “is entitled to a portion of the Bitcoin wealth worth more than $70 billion.” Coindesk by Deirdra Funcheon Projection judgment It could be: “36 billion U.S. dollars (controversial Bitcoin value)” and “126 billion U.S. dollars (controversial intellectual property value)”.

In addition, if Kleiman Manor wins, the potential punitive damages could be as high as billions of dollars. Law360 Contributing Author Carolina Bolado (Carolina Bolado) Cover the case There are also detailed introductions on Law360 and her Twitter account. “The amount requested by the plaintiff here is staggering,” Borado wrote On Twitter. “If they get all this, triple damages for civil theft and potential punitive damages, we are considering a judgment close to one trillion dollars. It’s even hard to understand.” In a previous tweet, Borado wrote:

We are now ending our instructions to the jury. An interesting note: their decision needs to be unanimous.

In addition to summaries by Bolado, Funcheon, Wukert Jr. and Atkins, there is also the Twitter account Arthur van Pelt (@mylegacykit) And the artist known as fractal encryption (@fractalencrypt) Also reported the Kleiman v. Wright trial in great detail. Although the court’s jurors were unable to reach a conclusion at the beginning of this week, the U.S. Thanksgiving holiday delayed the final proceedings for six full days.

Tags in this story

1.1 million bitcoins, Arthur Van Pelt, Billions, Bitcoin, Bitcoin trial, Bitcoin, Carolina Borado, Craig Wright, David Kleiman, Didier Fonchen, Florida, Fractal encryption, Ella Kleiman, Jordan Atkins, Juror, jury, Jury trial, Kleiman Estate, Kurt Wokert Jr., litigation, Miami, Satoshi Nakamoto, Southern District of Florida, Trial, Tulip Trust, Wilville Friedman

What do you think of the upcoming Kleiman v. Wright lawsuit? Please tell us your thoughts on this topic in the comments section below.

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