Satoshi may be unmasked in $64B lawsuit in which Wright claims to be the sole creator of Bitcoin

  • A newly filed lawsuit claims David Kleiman partnered severally with Craig Wright to develop Bitcoin, its white paper, and the W&K firm.
  • Wright is contending these claims, saying he is the sole creator of Bitcoin and equally the sole owner of the said company.

The true identity of the Bitcoin creator, Satoshi Nakamoto, has been shrouded in mystery since its Oct. 2008 white paper release. A three-year Florida court lawsuit worth $64 billion of the cryptocurrency, might just reveal who Satoshi is.

The family of the deceased David Kleiman (1967-2013), claims he took part in developing Bitcoin (BTC). The American computer forensics expert, they claim, jointly created Bitcoin with a former business partner – Australian programmer, Craig Wright. The two then assumed the pseudonym Satoshi Nakamoto. Kleiman’s family is now suing Wright for controlling Kleiman’s alleged share of the digital asset.

“We believe the evidence will show there was a partnership to create and mine over one million Bitcoin,” Kleiman family lawyer Vel Freedman told the Wall Street Journal. One witness even noted that Kleiman always carried a “military-grade thumb drive” with him, which could contain highly valuable information.

Is Satoshi the collaboration of David Kleiman and Craig Wright?

Wright, 51, has been controversially known since 2016 for claiming to be Bitcoin’s Satoshi. Once, he dropped the claim with an apology but soon renewed it and has been suing those who dispute him. His defense team now says it can invalidate the Kleimans’ claims and prove Wright is the de facto sole creator of the cryptocurrency.

“We believe the court will find there’s nothing to indicate or record that they were in a partnership,” his lawyer Andrés Rivero explained.

In the first year following Bitcoin’s inception, Nakamoto mined over 1 million BTC, making him one of the richest people in terms of the asset’s holdings. For the next two years, he actively communicated with developers using two email addresses and message boards. By December 2010, Nakamoto stopped posting publicly and simply ‘vanished.’

Per the lawsuit, the Kleiman’s are accusing Wright of recruiting their deceased relative in 2008 to take part in the explanatory letter and launching of Bitcoin. Additionally, Kleiman incorporated Florida-based company W&K Info Defense Research in 2011 – allegedly another partnership between the two. Of this, Wright has claimed exclusive ownership of the said company and denied any partnerships with Kleiman.

Multi-billion battle for crypto king

Crypto experts remain largely skeptical about the claims of either. Arthur van Pelt, a Bitcoin investor, and Wright critic say Wright “has been hacking, bamboozling and fooling people, playing the confidence game.” He adds, “There is no genuine, independent, credible proof whatsoever.”

Ava Labs founder Emin Gun Sirer acknowledged Kleiman’s extensive computer knowledge but argues it was not enough to back the claim. Blockchain expert Gavin Andresen said in court that Satoshi’s early Bitcoin code was very “academic” and likely to have been written by “someone who likes to pile up academic qualifications.” Of the two, such a person is likely Kleiman.

Now trading at $65,757 per our data, the Bitcoin stash in question is worth over $65 billion and probably one of “the largest private lawsuits in the history of the universe.” Court proceedings are scheduled to resume in four days.