The creator of Bitcoin uses the alias Satoshi Nakamoto. He is also known as the father of cryptocurrency and a lawsuit is happening. Image Source: Unsplash

The creator of Bitcoin (BTC) uses the alias Satoshi Nakamoto. He is also known as the father of cryptocurrency.

The inventor of Bitcoin(BTC) could be facing a very expensive lawsuit after a dispute between the control of assets between 2 men.

Craig Wright, 51, an Australian national who resides in London previously claimed that he invented Bitcoin but no one believed him.

However, Davie Kleiman filed a suit against Wright alleging that the Kleiman family was the ones responsible for mining 1.1 billion units of Bitcoin (BTC), and Wright is controlling the assets that belong to Nakamoto.

Kleiman submitted email evidence to the court and Wright had referred to Klieman as “partner” on multiple occasions.

In Florida court, Wright is claiming that he invented the Bitcoin himself and no one else was involved.

Andres Rivero, Wright’s lawyer spoke to the media stating that there was no evidence that Wright and Kleiman were ever in a partnership.

The court is still in motion and it is unclear if a 50/50 split or a 100% takeover. However, if the court rules in favor of Kleiman the identity behind the real creators of Bitcoin will be revealed.

This type of lawsuit is expected to take years before it can be settled.

The most expensive fight for digital assets – Bitcoin

The estimated value of Bitcoins that are involved in this lawsuit is worth US$64 billion.

Let’s put these numbers into perspective:

  • In the UK, you can potentially buy 45 Buckingham Palace (estimated to be worth around $1.4 billion)
  • or In the US, you can potentially buy 160 White house (estimated worth of $400 million)
  • Flying to the International Space Station 1,280 times (estimated worth of $52 million per trip)

With this amount of money, Wright is still not the top 10 richest people in the world.

Bitcoin hits record price of $68,000, a new record
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