{"id":14697,"date":"2021-11-25T19:54:06","date_gmt":"2021-11-25T19:54:06","guid":{"rendered":"https:\/\/www.buyucoin.com\/crypto-labs\/jury-to-decide-fate-of-billion-dollar-bitcoin-lawsuit-involving-craig-wright\/"},"modified":"2021-11-25T19:54:06","modified_gmt":"2021-11-25T19:54:06","slug":"jury-to-decide-fate-of-billion-dollar-bitcoin-lawsuit-involving-craig-wright","status":"publish","type":"post","link":"https:\/\/www.buyucoin.com\/crypto-labs\/jury-to-decide-fate-of-billion-dollar-bitcoin-lawsuit-involving-craig-wright\/","title":{"rendered":"Jury to Decide Fate of Billion-Dollar Bitcoin Lawsuit Involving Craig Wright"},"content":{"rendered":"

On Tuesday, November 23, the closing arguments for both sides of the Kleiman v. Wright trial finished and now ten jurors will decide the fate of the billion-dollar bitcoin lawsuit. While Craig Wright claims he\u2019s Satoshi Nakamoto, he also insists the now-deceased Dave Kleiman did not help with the creation of Bitcoin. The plaintiffs are hoping to win an incredibly large sum of money and intellectual property (IP) estimated to be worth billions of dollars.<\/strong><\/p>\n

Kleiman v. Wright Trial Nears the End<\/h2>\n

The infamous Kleiman v. Wright<\/a> trial is nearing its end and the cryptocurrency community is about to witness the long-awaited decision stemming from a jury in Miami, Florida. The plaintiffs\u2019 attorney representing the Kleiman estate, Vel Freedman, tweeted about the case when the closing arguments were finished and the jury left to make a decision. \u201cKleiman v Wright update: Case submitted to the jury. Closings done. Now we wait,\u201d Freedman explained<\/a> on Tuesday afternoon (EST).<\/p>\n

Freedman further thanked some of the colleagues that helped his law firm with the case. Following the closing arguments, it is now up to the ten jurors to decide. The jurors did not come to a conclusion on Tuesday and the court jurors will reconvene again on Monday. Coingeek\u2019s Kurt Wuckert Jr. tweeted<\/a> about the case and complemented Freedman after the closing arguments.<\/p>\n

\u201cVel Freedman had a very strong finish for Kleiman today,\u201d Wuckert Jr. said. \u201cRivero accidentally spilled his water on his notes and struggled with technical difficulties. He caught his stride, and made his points, but Freedman had a very direct and effective finish. Jury in deliberation now.\u201d<\/p>\n

\u2018Close to a Trillion Dollar Judgment\u2019<\/h2>\n

Various estimates note that the lawsuit\u2019s judgment could lead to a massively sized order if the plaintiffs win. Coingeek\u2019s contributing writer Jordan Atkins estimates<\/a> the judgment could see the Kleiman estate \u201centitled to a portion of a bitcoin fortune worth more than US$70 billion.\u201d The Coindesk author Deirdra Funcheon projects the judgment<\/a> could be around: \u201c$36 billion (the value of bitcoin at issue)\u201d and \u201c$126 billion (the value of intellectual property at issue).\u201d<\/p>\n

Additionally, there\u2019s billions of dollars in potential punitive damages if the Kleiman estate wins. Law360 contributing author, Carolina Bolado, has been covering the case<\/a> in great detail for Law360 and on her Twitter account as well. \u201cThe amount of money the plaintiffs are requesting here is staggering,\u201d Bolado wrote<\/a> on Twitter. \u201cIf they get it all, with treble damages for civil theft and potential punitive damages, we\u2019re looking at close to a trillion dollar judgment. It\u2019s hard to even comprehend.\u201d In a previous tweet Bolado wrote<\/a>:<\/p>\n

We\u2019re wrapping up the instructions to the jury now. One interesting note: they need to be unanimous in their decision.<\/p>\n

In addition to the summaries from Bolado, Funcheon, Wuckert Jr., and Atkins the Twitter accounts Arthur van Pelt (@mylegacykit<\/a>) and the artist dubbed Fractal Encrypt (@fractalencrypt<\/a>) have been covering the Kleiman v. Wright trial in great detail as well. While the court\u2019s jurors could not come to a conclusion during the beginning of the week, the U.S. Thanksgiving holiday postponed the final proceedings for six full days.<\/p>\n

What do you think about the upcoming Kleiman v. Wright proceedings? Let us know what you think about this subject in the comments section below.<\/strong><\/em><\/p>\n

Bitcoin News
\nNews, 1.1 Million BTC, Arthur van Pelt, billions, Bitcoin, bitcoin trial, BTC, Carolina Bolado, Craig Wright, David Kleiman, Deirdra Funcheon, Florida, Fractal Encrypt, Ira Kleiman, Jordan Atkins, jurors, Jury, Jury Trial, Kleiman Estate, Kurt Wuckert Jr., Lawsuit, miami, Satoshi Nakamoto, Southern District Court of Florida, Trial, Tulip Trust, Velvel Freedman<\/p>\n","protected":false},"excerpt":{"rendered":"

On Tuesday, November 23, the closing arguments for both sides of the Kleiman v. Wright trial finished and now ten jurors will decide the fate of the billion-dollar bitcoin lawsuit. While Craig Wright claims he\u2019s Satoshi Nakamoto, he also insists the now-deceased Dave Kleiman did not help with the creation of Bitcoin. The plaintiffs are…<\/p>\n","protected":false},"author":0,"featured_media":14698,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[53,3],"tags":[],"class_list":["post-14697","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain-news","category-coin-news"],"_links":{"self":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/14697"}],"collection":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/comments?post=14697"}],"version-history":[{"count":0,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/14697\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media\/14698"}],"wp:attachment":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media?parent=14697"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/categories?post=14697"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/tags?post=14697"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}