Wednesday, 26 January, 2022

Bitcoin 'founder' wins right to keep billions of dollars

  • Sun Online Desk
  • 8th December, 2021 04:27:44 PM
  • Print news


A computer scientist who claims he invented Bitcoin has won a court case allowing him to keep a cache of the cryptocurrency worth billions of dollars.

A jury rejected claims that Craig Wright's former business partner was due half of the assets, BBC reported.

As a result Mr Wright will retain 1.1m Bitcoin, worth $54bn (£40bn).

However he will pay $100m to the family of Dave Kleiman for intellectual property infringement.

The family of Mr Kleiman, a computer security expert who died in 2013, said that the two men had worked together to create and mine the first Bitcoin in existence, and that Mr Wright had stolen it.

The invention of the cryptocurrency in 2008 was described in a white paper published under the pseudonym Satoshi Nakamoto.