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December 28, 2019

Self-Proclaimed Satoshi Claims He’s Struggling to Access $3 Billion in Bitcoin (BTC)

By Daily Hodl Staff

Craig Wright, the self-proclaimed inventor of Bitcoin (BTC), says he’s not sure if or when he will have the information needed to access $3 billion worth of Bitcoin.

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Wright was recently ordered by a court to forfeit billions of dollars in BTC to the family of his former business partner.

But the Australian computer scientist tells Bloomberg he “cannot be certain that the information will in fact arrive” that will help him access the BTC and determine which coins he will have to divvy up.

Earlier this year, US Magistrate Judge Bruce Reinhart ruled that the late Dave Kleiman owned at least half of the Bitcoin that Wright allegedly mined between 2009 and 2013. Wright had been ordered at that time to forfeit half of his BTC holdings to the Kleiman estate.

The judge had also stated that Wright had no legal claim to Kleiman’s portion of the mined cryptocurrency. 

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Each half of the sum of the BTC holdings were valued at around $4 billion; however, the price of Bitcoin has dropped significantly since then.

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