A U.S. Magistrate Judge has ruled that Australian computer scientist and businessman Craig Wright to hand over 50% of his bitcoins to his late partner Dave Kleiman's family, crypto news outlet Coindesk reported on August 27. As of press time, Wright reportedly owns more than 1 million bitcoins ($10.2 billion).
The lawsuit was filed in 2018, when Kleiman’s brother sued Wright for allegedly appropriating his bitcoin holdings.
As a source familiar with the matter told Coindesk, Magistrate Judge Bruce Reinhart has recommended that the family of deceased Dave Kleiman be granted 50% of all bitcoins held by Wright, along with 50% of the intellectual property Wright had owned by the end of 2013.
The source also claimed that Wright has no rights to a jury trial, however, he could appeal the ruling. According to Coindesk, the case is not over yet, but the substantial issues have already been decided.
According to a crypto news website The Block, Wright mined 1.1 million of BTC between 2009 and 2011. The cryptocurrency is reportedly stored in a trust called the “Tulip Trust.”
According to CoinMarketCap, Bitcoin was almost 2% down on Tuesday, hovering around $10,140 per coin at press time.