Introduction
The ongoing lawsuit over the rights to Bitcoin’s white paper has taken a new turn as the UK court has granted an appeal to Craig Wright. Wright, who claims to be the inventor of Bitcoin, has been involved in a legal battle with the estate of his former business partner, Dave Kleiman, over the rights to the white paper. The white paper is the document that outlines the technical details of Bitcoin and its underlying technology, the blockchain.
The Background of the Lawsuit
The lawsuit dates back to 2018 when the Kleiman estate filed a lawsuit against Wright, accusing him of stealing billions of dollars’ worth of Bitcoin and intellectual property. The estate claimed that Kleiman was a co-inventor of Bitcoin and had contributed significantly to its development. However, Wright denied the allegations and claimed that he was the sole inventor of Bitcoin.
In August 2019, a US court ruled that Wright must pay half of his Bitcoin holdings and intellectual property to the Kleiman estate. However, Wright failed to comply with the ruling, and the case has since been ongoing.
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The Latest Development in the Lawsuit
The latest development in the lawsuit is that the UK court has granted an appeal to Wright, allowing him to challenge the ruling made by the US court. The appeal is based on the grounds that Wright did not receive a fair trial in the US and that the court did not have the jurisdiction to make the ruling.
The appeal was granted by the High Court of Justice in London, and the hearing is expected to take place in July 2021. If the appeal is successful, Wright will not be required to pay the Kleiman estate the half of his Bitcoin holdings and intellectual property.
Conclusion
The ongoing lawsuit over the rights to Bitcoin’s white paper continues with the latest development being the UK court granting an appeal to Craig Wright. The hearing is expected to take place in July 2021, and the outcome could have significant implications for the future of Bitcoin and its underlying technology.
