In what is starting to feel like a soap opera drama, the ongoing case of self-proclaimed Satoshi Nakamoto and his former business partner’s estate, continues to take twists and turns. Wright has been ordered by the court to hand over half a million BTC to David Kleinman’s estate, but it is not that easy.
Wright has always been a controversial figure in the cryptocurrency space. His claim to be the creator of Bitcoin has been widely criticized and picked apart, and his decision to fork off the main Bitcoin blockchain to create Bitcoin Cash has also been criticized, less so than his later decision to fork off again to create Bitcoin SV.
However, Wright now says he still believes he will be able to get his hands on the Tulip Trust private keys which would give him access to the near $8 billion in early-mined Bitcoin. This has been the crux of his ongoing case with Kleinman as he currently states he cannot access the funds to hand half of it over.
A lot riding on the case
The Kleinman case and the outcome of the judgement that called on Wright to make payment of half the million early-minded coins have large implications for a number of areas of the Bitcoin ecosystem. Firstly, by gaining access to the Tulip Trust, Wright can strengthen his claim to be Nakamoto, which is why his lack of access is also being pointed out against this claim.
But more so, the million Bitcoin locked up at the moment represents a large sum of money that could impact the way the Bitcoin market moves. Speaking at the culmination of the judge’s decision to award Kleinman the 500,000 BTC, Wright warned a massive market dump could be coming that may sink the price of the coin.
However, regardless of the larger implications, Wright has told Cointelegraph that he is 99.9999 percent sure he will be able to access the coins in the future.
“I’m 99.9999 and a few more 9s percent certain that I will be taking control of my BTC and whatever else,” Wright said.
However, the question still remains as to why Wright was not named a trustee. When asked why he himself is not one of the trustees, he said:
“Because I’m smart enough not to be. Because then people could force me to actually move coins. You can take things from trustees. If it was mine, people could have seized assets from me.”