Bloomberg

Self-described Bitcoin creator must pay $100 million in suit

The Australian computer scientist who claims he invented Bitcoin was told by a U.S. jury to pay $100 million in damages over claims that he cheated a deceased friend over intellectual property for the cryptocurrency.

A representation of virtual currency bitcoin is seen in front of a stock graph in this illustration taken November 19, 2020. Foto: Reuters/Dado Ruvic/Illustration/File Photo

Jurors in Miami federal court took about a week to reach Monday's verdict, following about three weeks of trial. The jury rejected most claims against Craig Wright and the outcome probably won't resolve the debate over whether Wright is the mythical creator of the peer-to-peer currency, Satoshi Nakamoto.

The brother of Dave Kleiman, a computer security expert who died in 2013, alleged that the late Florida man worked with Wright to create and mine Bitcoin in its early years. As a result, the plaintiffs claimed the estate was entitled to half of a cache of as many as 1.1 million Bitcoins worth some $70 billion, which are thought to be held by Satoshi...

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