A U.S. federal court has largely denied crypto entrepreneur and self-proclaimed bitcoin inventor Craig Wright’s attempt to dismiss a lawsuit alleging that he misappropriated billions of dollars'-worth of bitcoin from the estate of a former business partner.
Wright is being sued by Ira Kleiman on behalf of the estate of his brother, the late Dave Kleiman, a forensic computer investigator and author, who passed away in 2013 following a battle with MRSA.
The suit accuses Wright of scheming to “seize Dave’s bitcoins and his rights to certain intellectual property associated with the bitcoin technology,” and is seeking return of a good portion of the 1.1 million bitcoins (worth roughly $3.9 billion as of press time) mined by the two, or its “fair market value,” as well as compensation for IP infringement.