Craig Wright threatens to sell 500,000 bitcoins to the crypto community
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Answer Craig Wright threatens to sell 500,000 bitcoins to the crypto community
It seems that the problems that Craig Wright brings with him wherever he solves are not over yet.
After the judge ruled on him to divide the Bitcoin he owns with “Kleiman”, as we mentioned earlier:
Craig Wright loses his case and billions of bitcoins will be awarded to Kleiman
The confiscation of up to 500,000 Bitcoin units – the equivalent of $5 billion, or 3.6% of the total market value of Bitcoin – from the alleged “Satoshi Nakamoto” remains the subject of controversy.
After the judge’s ruling and formal decision against Wright, which means that the case is nearing completion, Wright will have to hand over half of his belongings to the Kleiman family, and Wright will not have the right to a jury trial and to oppose the decision, but despite that he remains right of appeal.
Read:MicroStrategy raises $650 million to buy more Bitcoin
The decision will also pass some legal procedures that must be passed first.
Which means that we will see Wright’s lawyers object to the procedures, which will result in a further extension and prolongation of the case.
Nor did Judge Reinhart rule on the issue of Craig Wright calling himself Satoshi Nakamoto.
The crypto community reacted to the issue, especially as it concerned the volume of half a million bitcoins.
Some voices are starting to rise that a new threat is coming regarding the possibility of unloading the amount from the bitcoin market for liquidation.
while hung Craig Wright in an interview with Modern Consensus stated that Kleiman should pay the 40% property tax in bitcoin.
While the case remains ongoing due to the regulatory obstacles that must be taken, and the fear of emptying is still early at the present time, until the case is completely finished.
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