Will Craig Wright receive the keys to 1 million Bitcoin on January 1?

  • On 01 January 2020 a courier is to return Dave Kleiman’s private keys from the notorious Tulip Trust. The day could become a decision day when Craig Wright could prove his identity as the creator of Bitcoin.
  • Meanwhile, new developments have emerged in the Wright vs. Kleiman trial.

Shortly before Christmas, the case of Craig Wright vs. Dave Kleiman received further impetus. After the self-appointed Bitcoin inventor was already sentenced in August to hand over half of the Bitcoin originally mined by Satoshi, 500,000 BTC, to his former partner Dave Kleiman and his heirs, the day of decision is now approaching.

The notorious “Tulip Trust” is to be activated on 1 January 2020. While Wright claims that he does not have access to the private keys of the over 1 million Bitcoin, as these are held in the Tulip Trust, a trust company based in the Seychelles, a courier is to return Dave Kleiman’s keys on January 1. However, a courier is to return Dave Kleiman’s keys on January 1.

Wright claims that Kleiman has hired a courier under customs seal who will return the keys to Wright on January 1st. Whether the courier will ever show up, however, is more than questionable. Wright has already made provision during the court proceedings for an excuse in case the courier does not appear. In a court statement he said that Kleiman never confirmed to him whether he had actually hired a courier.

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Next Wednesday, however, Craig Wright could possibly receive the keys to more than 1 million Bitcoins and the identity of Satoshi Nakamoto could be finally clarified. The chances of this happening are considered very slim by many members of the industry. While the confirmation could send Wright`s Bitcoin SV (BSV) to the moon, the non-appearance of the courier could be another blow to the BSV price.

Legal proceedings continue

Regardless of the big decision day, the Wright vs. Kleiman case continued even before Christmas. On December 23, Wright’s attorneys filed two documents – one was a response in support of an appeal against a previous court order, while the other was a response to a request from the Kleiman estate regarding the hearing of his wife, Ramona Watts.

The first document is about Wright’s refusal to release a list of his Bitcoin addresses since August. Wright’s lawyers argue that he should not be punished for not being able to give out the list. In particular, Wright has made efforts to restore the list by ordering the CTO of nChain to produce it.

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The second document is about Wright’s wife, Ramona Watts, who is to testify as a witness. Kleiman’s lawyers filed a motion on December 21 requesting that she be allowed to travel and legal counsel so that she could testify in the U.S. court. Watts, however, demanded costs between $65,000 and $164,000, which the Kleiman side rejected. Wright’s lawyers argued in the new letter that the Kleimans would have to pay the costs, as the hearing is requested solely by the plaintiffs.

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About Author

Jake Simmons has been a crypto enthusiast since 2016, and since hearing about Bitcoin and blockchain technology, he's been involved with the subject every day. Beyond cryptocurrencies, Jake studied computer science and worked for 2 years for a startup in the blockchain sector. At CNF he is responsible for technical issues. His goal is to make the world aware of cryptocurrencies in a simple and understandable way.

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