Bitcoin SVNewsProjects

Lawyer reveals Wright didn’t receive the private keys – BSV starts dumping


The Craig Wright vs. Kleiman case has taken an interesting turn as the latest reports have revealed that Wright didn’t receive the keys to the Tulip Trust fund as he had claimed. Wright, who was being sued for $10 billion by the Kleiman estate, was allegedly trying to seize David Kleiman’s Bitcoin holdings.

Another lie?

Earlier this week Wright had filed in court in the Southern District of Florida that he “has produced a list of his bitcoin holdings, as ordered by the Magistrate Judge.” He claimed that he had received information that would help him unlock an encrypted file that has the information about the public bitcoin address asked to be presented in court.

In a statement to media outlet decrypt, Wright’s lawyer Andres Rivero, partner at Rivero Mestre law firm said that:

“The file that he’s received did not include private keys.”

According to Wright, The Tulip Trust contract was signed and written by David Kleiman on June 9, 2011. It states that On January 1st, 2020, Wright would supposedly receive the private keys from a bonded courier, for a wallet that contains close to 1.1 million Bitcoins.

Rivero added that Wright still expects to receive the keys either whole or spilt into parts, but did not disclose any information about the whereabouts of the key

The silver lining of the cloud

He further explained that Wright is currently in an advantageous position as he would not have to hand over half of his supposed Bitcoin fortune. Rivero said:

“The critical thing about the ruling is that it allows us to go to trial to prove that no partnership existed, The prior ruling by the magistrate judge that was vacated determines the facts of the case. A district court judge has vacated those rulings and has left those questions open now to the jury.”

He even claimed to have “sworn testimony” that proves that David Kleiman was not involved in the creation of Bitcoin nor was he related to Wright in any way.

BSV goes diving

The news about Wright having received the private keys to the Tulip Trust fund spread across social media like wildfire because of a photo circulating on the internet of a slack chat where Wright appears to confirm that he has received the final part of a private key.

The event saw BSV towering more than 100 percent to hit an all-time high of $458 and reaching the 4th position among the top 10 cryptocurrencies on Coinmarketcap. While the BSV community rejoiced, many analysts considered this to be just a pump and dump scenario.

Following the information going public, BSV began descending from its highs to drop 40% and hit press-time levels of $262. It also lost the position of fourth-largest cryptocurrency by market cap, which it briefly took from fellow hard fork, Bitcoin Cash.

Wright has so far been the most controversial character in the crypto space, especially for his claims of being Satoshi Nakamoto, the inventor of Bitcoin. He had been previously charged for presenting fabricated documents in court. The man has developed a very bad reputation because he has been exposed multiple times. The Kleiman case is his only hope for redemption if he has been telling the truth about the Tulip Trust fund. In that case, a major portion of the crypto community is bound to be surprised.

Anna Larsen
Anna Larsen has been a Crypto enthusiast since 2016. Fascinated by the technology and its usecases she decided to pursue a career in content creation related to this space. The journey has been exciting ever since.

Only Way is Up for Bitcoin Price, Says Analyst

Previous article

Bitcoin Rally Leads to Rollercoaster Altcoin Session

Next article


Leave a reply

You may also like

More in Bitcoin SV