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

  • Sportsbet.io launches 1 million USDT giveaway to mark Champions League finale
    May 15, 2025
  • Whale.io Accelerating Towards TGE – Unveils ‘Wager and Earn’ Campaign and Launches WHALE Token Conversion
    May 14, 2025
  • Edgen Launches ‘AI Super App,’ Democratizing Institutional-Grade Crypto Market Intelligence
    May 14, 2025
  • BC.GAME Unveils New Logo, Strengthens Crypto Integration in iGaming Ecosystem
    May 14, 2025
  • Plutus Launches PLUS More on Base – A New Era of Tokenized Loyalty Rewards
    May 13, 2025
  • DoubleUp – A New Generation of GambleFi
    May 13, 2025
  • MoonX: BYDFi’s On-Chain Trading Engine – A Ticket From CEX to DEX
    May 13, 2025
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$102,079.35
$102,079.35
1.13%
Ethereum
$2,554.43
$2,554.43
1.84%
BNB
$651.44
$651.44
0.24%
Solana
$172.03
$172.03
3.75%
XRP
$2.49
$2.49
3.67%

Spotlight

  • Bitcoin to $200,000? Investor Dan Tapiero Says One Catalyst Could Send Bitcoin Flying if US Economy Slows Hard
    May 8, 2025
  • Spyware Firm Ordered To Pay $167,250,000 in Damages for Enabling WhatsApp Hacks of 1,400 Smartphone Devices: Report
    May 8, 2025
  • Rich Dad Poor Dad Author Predicts Largest-Ever Market Crash, Says Bitcoin and Gold Will Protect Against Inflation
    May 8, 2025
  • Standard Chartered Analyst Backs Off Bitcoin Price Prediction, Now Calls $120,000 BTC ‘Too Low’: Report
    May 8, 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