Craig Wright, who claims to be the rightful creator of bitcoin, is challenging the recent court ruling that would have him surrender $4 billion worth of cryptocurrency to the Kleiman estate.
Wright Files for Extension
Wright has found himself in the midst of an ongoing, $10 billion lawsuit posed by the estate of his former partner David Kleiman.
According to the most recent ruling by a Florida court, Wright was found guilty of submitting false documents during a previous testimony in addition to lying about a legal dispute with Kleiman. Wright has been ordered to surrender $4 billion in BTC to the Kleiman estate, as well as half of all of the intellectual properties created.
However, given the magnitude of the payout involved and skepticism over Wright’s exact BTC holding, many are questioning whether he will comply with the order to deliver BTC to Kleiman’s estate. Wright has claimed during testimony that he is uncertain where the disputed bitcoin is being stored or whether he can obtain access to it.
According to court documents filed on Aug. 30, Wright has asked for a fourteen-day extension in order to challenge the ruling by the presiding judge Bruce Reinhart.
The document states,
Dr. Craig Wright respectfully requests a fourteen-day extension of time to file a motion with the district court judge challenging Magistrate Reinhart’s August 27th order (the “Order”) [D.E. 277}.
Documents also show that Wright’s team needs more team to prepare because of the devastating hurricane Dorian, which is expected to hit Florida in the next few weeks.
Hurricane Dorian is expected to make landfall in Florida early next week. And counsel for Dr. Wright have been expending significant time preparing for the hurricane, which has limited their ability to work on this matter
The most recent filing claims that Wright “does not concede” that Magistrate Reinhardt had the power to issue the order determined in the ruling, and that his legal counsel needs sufficient time to submit a challenge.
