Bad weather has been blamed by Craig Wright for requiring more time to challenge a court order requiring him to hand over half of his holdings in bitcoin. Craig Wright contests tribunal that could cost him half his bitcoin.
Ira Kleiman brought the case in 2018 on behalf of the estate of his deceased brother David.
He attempted to sue Wright, the businessman who controversially claimed he was the inventor of bitcoin. Also, for $10 billion, alleging that Wright had attempted to confiscate the holdings of his brother’s bitcoin.
The presiding judge of the case, Magistrate Judge Bruce E. Reinhart, ruled that Wright had to give the Kleiman estate 50% of the bitcoin he had mined before 2014. Also, half of his intellectual property.
It was the court’s opinion that during the case, Wright had argued in bad faith, committed perjury, and admitted false proof.
Wright has entered a new document to the Florida court in the latest twist to the saga, seeking more time to challenge the judge’s decision.
Blaming Hurricane Dorian’s approach for the need for an extension of time to prepare his arguments, Wright says:
“Dr. Wright does not concede that Magistrate Reinhardt had the power to enter the order that he did. However, the time frame that arguably could apply to addressing the legal validity of the purported order would be the 14-day time frame set forth in Rule 72 of the Federal Rules of Civil Procedure.“
“counsel for Dr. Wright has been expending significant time preparing for the hurricane, which has limited their ability to work on this matter.”
While his reply was to be lodged by Sept. 13, Wright hopes that an additional 14 days will be provided to submit his challenge.