Cryptocurrency! Alleged creator of bitcoin will not comply with court order

The man who claims to have invented the cryptocurrency largest in the world and whom a judge ordered to turn around US $ 3,000 million of its holdings of Bitcoin said it may not be able to do so soon.

In a statement to Bloomberg News, Craig Wright said that he “cannot be sure that the information is in effect” to help identify the coins to be divided in a legal dispute. The Australian scientist added that he has not said that the “private keys” for those coins would be available or actually used next month.

Earlier this year, US Magistrate Judge Bruce Reinhart in West Palm Beach, Florida, said Wright submitted false documents and lied in a legal dispute. It ruled that the late Dave Kleiman owned half of all the bitcoin Wright mined through 2013, and half of all the intellectual property he created. At the time, half of the bitcoins were valued at around $ 4 billion, but the price of the digital token has since declined. The final test may be whether Wright can actually hand over the bitcoins to his former partner’s estate.

Wright is a controversial figure, and many in the crypto community believe that he did not invent bitcoin and does not have great properties. Still, some investors have been concerned that a flood of currencies, supposedly locked in a complicated trust of roughly $ 6 billion, could affect the market.

“I do not intend to get rid of my family’s BTC as some people suspect or want, as this would harm many people in the industry,” Wright said in the statement, referring to his fortune in bitcoin.

Judge Reinhart found “clear and convincing evidence” showing that the encrypted trust file does not exist and that Wright’s testimony about it was “intentionally false,” says Vel Freedman of Roche Freedman LLP, which represents Kleiman’s estate, in an email. The plaintiffs’ position has always been that Wright has access to bitcoins now and that he “doesn’t need a messenger service” to gain access, he added.

The lawsuit has yet to be resolved.