Australian bitcoin ‘creator’ sued for US$10billion

An Australian man called Craig Wright is being sued for more than US$10billion by a former business partner regarding the creation of bitcoin.

The tech site Motherboard first reported the lawsuit over Wright seizing a man called Dave Kleiman’s bitcoins after he passed away in 2013.

Kleiman’s brother has admitted the total amount of bitcoin stolen is unknown – but believes it is likely to be between 300,000 and US$1.1million.

The lawsuit said: “It is unclear whether Craig, Dave, and/or both created bitcoin.

“It is undeniable, however, that Craig and Dave were involved in bitcoin from its inception, and that they both accumulated a vast wealth of bitcoins from 2009 through 2013.”

Written by Leah Alger