BitcoinBitcoin SVNews

Wright not Taking 500K Bitcoin Order Lying Down


The self-proclaimed creator of Bitcoin Craig Wright has shown intent to try and fight a court order that was dished out last week that would have him hand over around half a million Bitcoins to his former business partner’s estate. 

Wright’s attorney, Andres Rivero, has filed a document with the United States District Court for the Southern District of Florida, asking for a 14-day extension of time to file a motion with the district court judge challenging Magistrate Reinhart’s order issued last week.

Wright, who was found to have perjured himself in court, now ascertains that Magistrate Reinhardt did not have the power to enter the order that he did, adding that his lawyers will need additional 14 days to address the legal validity of the order.

Wright is blaming everyone from the judge to the weather in this motion to try and delay the order. The legal team has cited the current major hurricane off the coast of Florida as a reason for the need for added time.

“Central and South Florida are currently threatened by a major hurricane. Hurricane Dorian is expected to make landfall in Florida early next week and counsel for Dr. Wright have been expanding significant time preparing for the hurricane, which has limited their ability to work on this matter,” the document read.

Following the revelation that Wright would have to pay off nearly $5 billion, he was interviewed by Modern Consensus where he warned the cryptocurrency community of a potential Bitcoin dump should he have to hand over such a sum.

In the same interview, he also seemed to accept the ruling, but this latest play by his legal team seems to suggest he is not all that happy with what the order demands of him. In fact, some are even suggesting that he is in a bit of trouble as he might not have access to all that Bitcoin.

Cryptocurrency podcaster Peter McCormack said in a tweet that he bet $10,000 that Wright did even have access to that amount of Bitcoin at all. If Wright has access to that amount of Bitcoin, it would be a good tick in his box for the claim of being Satoshi Nakamoto, but, if he does not have that kind of access, it would further push the case that he is not the inventor of Bitcoin – a more commonly held belief. 

Darryn Pollock
Darryn has been interested in the blockchain and cryptocurrency space since he heard about Bitcoin in 2015. He then decided to use his journalism degree to report on this fascinating fintech space in 2016, and has not looked back since. Joins the Exchange Fray Offering Incentives for New Users

Previous article

Venezuela Sets New Record in Bitcoin Trading Volume

Next article


Leave a reply

You may also like

More in Bitcoin