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Bitcoin [BTC]: Florida Court subpoenas developer in Kleiman estate lawsuit against nChain’s Craig Wright

Akash Anand



Bitcoin [BTC]: Florida Court subpoenas developer in Kleiman estate lawsuit against nChain's Craig Wright
Source: Pixabay

The lawsuit filed by the Kleiman Estate against Craig Wright took a new turn after Jeff Garzik, an early Bitcoin [BTC] developer and adopter, revealed he was subpoenaed by the US District Court of Southern Florida.

Garzik revealed that the court asked him to present any evidence to support the claims made by Ira Kleiman, sister of the late David Kleiman, who many claim was Satoshi Nakamoto. After receiving the subpoena, Garzik tweeted,

“You got served. The Bitcoin lawsuit drones on. In the interest of radical transparency, here’s the subpoena that just arrived for me.”

The subpoena requested Garzik to reveal any information that the developer may have come across over the years, for the benefit of the Kleiman estate and the court council. There was also a specific mention of an article written by Garzik on David Kleiman, which said,

“My personal theory is that [Satoshi Nakamoto] is the Floridian Dave Kleiman. It matches his coding style, this gentleman was self-taught. And the Bitcoin coder was someone who was very, very smart, but not a classically trained software engineer.”

Garzik’s subpoena further asked the developer to disclose any communication between him and Satoshi Nakamoto, as well as any links to the Tulip Trust or the GICR Trust.

In the original lawsuit, the Kleiman estate claimed that Craig Wright, the current chief scientist at nChain, defrauded David Kleiman and stole his assets, speculated to be close to $1.1 billion. Wright did not take the allegation sitting down and had filed a dismissal appeal. A court document file in Florida stated,

“Here, the Court finds that Plaintiffs have sufficiently alleged a claim for conversion. The Amended Complaint alleges that Defendant converted at least 300,000 bitcoins upon Dave’s death and transferred them to various international trusts, which was an unauthorized act that deprived the Plaintiffs of the bitcoins therein. Accordingly, Plaintiffs’ claim for conversion (Count I) survives Defendant’s Motion to Dismiss.”

Wright’s attorney also rebutted the claims made by Kleiman and stated,

“There was no written partnership agreement between Dr. Wright and David Kleiman and/or W&K Info Defense Research, LLC.”

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HitBTC responds to allegations of insolvency, refutes claims made by Redditors




HitBTC responds to allegations of insolvency
Source: Unsplash

HitBTC, a Hong Kong-based exchange has been the center of accusations among users on Reddit, Twitter, and other forums. HitBTC users started complaining about issues regarding withdrawal and extensive procedures after one particular user @ProofofReserach put out a thread alleging insolvency of HitBTC.

To put an end to all the accusations, HitBTC has broken its silence with a blog post explaining their side of the story. According to HitBTC, their systems performed well during the winter of 2017-18, however, HitBTC mentioned that due to overwhelming demand for the services, they experienced bottlenecks at an operational level.

Referring to the BitcoinExchangeGuide article, HitBTC responded:

“A widely quoted article, in its entirety, is based on only 2 AML cases. One of them was initiated as part of the investigation into the December, 2018 BTCP security breach, at the request of the coin’s core team. Unfortunately, there is no clear indication of the nature of the second case that can be discerned from the article. The author of the article failed to track the deposit/withdrawal dynamics that did not uncover any irregularities. A simple block explorer or our public System Monitor would suffice for these purposes”

Additionally, referring to the altcoins being added and removed from the platform, the exchange said that they were honored to work with a diverse range of projects, however, since the crypto sphere was still nascent, there were lapses in their judgment in assessing the integration partners. With the above-mentioned prominent cases, HitBTC also addressed other topics.

@ProofofResearch replied to HitBTC’s blog:

“Is there a reason why you’re unable to tell people us where your Bitcoin storage is at? If what I published is as untrue as you claim it is, then providing a wallet address where your Bitcoin funds are stored will go a long way in *proving that*.”

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