The Daily Hodl
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
The Daily Hodl
No Result
View All Result

A Tall Tale of Family, Money and a Busted Bitcoin Scheme

by Erin Gorsline
March 14, 2018
in Scams, Hacks & Breaches

In 2016, Craig Wright claimed he created Bitcoin with the help of now-deceased, ex-colleague David Kleiman. Now, Craig is being sued by Dave’s brother Ira Kleiman, who claims Wright forged his deceased brother’s signatures in order to steal Dave’s Bitcoins.

According to the lawsuit filed with the U.S. District Court for the Southern District of Florida, Wright “forged a series of contracts that purported to transfer Dave’s assets to Craig and/or companies controlled by him. Craig backdated these contracts and forged Dave’s signature on them.”

craig wright

Moreover, the lawsuit claims that Wright was able to get away with the devious plan because no one in Dave Kleiman’s family knew the extent of his involvement in Bitcoin, nor that he had accumulated hundreds of thousands of Bitcoin since its inception. Taking advantage of the family’s lack of knowledge, Wright “perpetrated a scheme against Dave’s estate to seize Dave’s bitcoins and his rights to certain intellectual property associated with the Bitcoin technology”.

It all started when Wright reached out to Dave’s brother Ira shortly after Dave’s death in 2013. Wright told Dave’s brother that Dave signed away all the rights to his Bitcoin and intellectual property in exchange for a share of an Australian company worth “millions”, and that he would sell Dave’s share of the company in a few months.

This was clearly a lie. After deceiving the Australian Tax Office (ATO) and following the subsequent raid of his home by Australian authorities, the company went bankrupt and Wright fled the country. Since then, he’s been living a life of wealth and luxury in London with all the stolen Bitcoin.

While the Australian computer scientist and entrepreneur was able to trick many people including reputable members of the cryptocurrency community, such as Jon Matonis and Gavin Andresen, into believing that he created Bitcoin, others are far from convinced.

In 2016, Ethereum founder Vitalik Buterin said at a conference that Wright “is probably not Satoshi”… and it looks like his assumptions are proving to be correct.

Congruent with Buterin’s remarks, this 2016 article by TechCrunch highlights Wright’s refusal to publish for the public any proof of his role in the creation of the original computer-based currency, despite saying he would. Over the years, evidence has been stacking up against the self-proclaimed Bitcoin creator.

bitcoin lawsuit

Through various admissions, Wright made it clear that Daves’s estate is worth at least 300,000 Bitcoins, but could be worth as many as 1,100,111. This amount in Bitcoin gives it a value of more than $11 billion USD today.

This article by Erin Gorsline was originally published on CoinCentral.com, our media partner.

Erin Gorsline
Erin is a Brooklyn based cryptocurrency enthusiast & freelance writer. Nomad at heart, you can often find her at the airport heading to her next adventure.

Follow us on X, Facebook and Telegram

Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Surf The Daily Hodl Mix

 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Submit a Press Release

Industry Announcements

  • iAero Protocol Launches Token Sweeper, Distributes 5% of LIQ Supply to Stakers
    December 4, 2025
  • TrueNorth Raises $3M to Build Domain-Specific AI for Finance
    December 4, 2025
  • Uphold Files Application to Offer Tokenized Securities and Partners with tZERO on Infrastructure Services
    December 4, 2025
  • COINPAYMENTS becomes Global Partner of Aston Martin Aramco Formula One Team
    December 4, 2025
  • I-ON Digital Corp. Deploys $200M in AUM Backed by In Situ Gold as Treasury Expands Its RWA Strategies
    December 4, 2025
  • DoGeshBhai (DGBhai) – India’s Meme Power Arrives on Solana With Speed, Humor and Desi Crypto Energy
    December 3, 2025
  • BC.GAME Named Exclusive Gaming Partner of Crypto Fight Night 2025
    December 1, 2025
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$92,083.67
$92,083.67
1.23%
Ethereum
$3,161.47
$3,161.47
0.6%
BNB
$900.90
$900.90
0.96%
Solana
$138.42
$138.42
3.39%
XRP
$2.09
$2.09
3.77%

Spotlight

  • Analyst Forecasts Major Solana Breakout in 2026, Updates Outlook on Bitcoin, Ethereum and BONK
    November 28, 2025
  • Tether CEO Paolo Ardoino Responds to S&P’s USDT Downgrade, Says Stablecoin Giant Takes It With Pride
    November 28, 2025
  • Millions of Americans Receiving Up To $11,875 Per Person After DNA Testing Firm Loses Control of Customers’ Sensitive Information
    November 28, 2025
  • $25,000 Drained From Woman’s Wells Fargo Bank Account After AT&T Breach: Report
    November 29, 2025
DON'T MISS A BEAT
Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options
By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.
Featured Image: Shutterstock/Billion Photos

Covering the future of finance, including macro, bitcoin, ethereum, crypto, and web 3.

Categories

Bitcoin • Ethereum • Trading •
Altcoins • Futuremash • Financeflux •
Blockchain • Regulators • Scams •
HodlX • Press Releases

 

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT | ADVERTISE

JOIN US ON TELEGRAM

JOIN US ON X

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2025 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise

© 2025 The Daily Hodl