Craig Wright Fails To Provide Private Key Of $8 Billion That He Claimed To Possess

Parth Vig
Parth Vig is a Management student, and a keen observer of Cryptocurrency and blockchain technology, his interest in writing brings him to thecoinrepublic.com, He believes that he has many ideas that he pens down and he feels it would be a great asset for any kind of creative writing.
Craig Wright Fails To Provide Private Key Of $8 Billion That He Claimed To Possess

  • Craig Wright,  who had publicly declared that he is the creator of Bitcoin, Satoshi Nakamoto, has not been able to prove his claims of possession of $8 billion in Bitcoin private key.
  • Wright has not been able to prove his identity as Satoshi Nakamoto, he is still backed by many.
  • Wright has received a lot of reinvestment from original Bitcoin Cash supporters for BSV.

Craig Wright, the Australian computer scientist, and businessman who had publicly declared that he is the creator of Bitcoin, Satoshi Nakamoto, has not been able to prove his claims of possession of $8 billion in Bitcoin private key. Reportedly, the “fake” Satoshi was blasted out by his lawyer today.

He has not been able to provide any valid proof about owning the private value of Satoshi’s early mining of 8 billion USD of the Bitcoin key. The Bitcoin Satoshi Vison or BSV has had an increase of 500% in its price recently, from the US $ 85 on December 20, 2019, to the US $ 392 on January 15, 2020.

This has led to an uproar in the crypto community. With a controversy gaining pace on this side of the market, Craig Wright’s failure to prove his identity has added fuel to the fire.  

After Wright received orders to unlock encrypted files of the thousands of public Bitcoin addresses he supposedly had, he immediately filed a statement in the Southern District of Florida.

He said that the “encrypted file” contained both a list of public addresses and a private key. He announced that he had received a “bonded courier” with evidence that proved his identity in the multi-million-dollar legal battle.  This led many to believe that the courier contained documents that revealed the private key and will thus verify his identity.

However, that is not the case. Wright’s lawyer, Andres Rivero, a partner at Rivero Mestre, told cryptocurrency media Decrypt that “The documents he received did not contain the private key,” leading to the dismay of many.

This, not the first time that Wright has failed to keep up to his claims of being Satoshi, but he refuses to give up. The lawyer added that Wright still hopes to receive the private keys either in full form or also separately. However, Rivero declined to go into details of who owned the keys and by when he believes Wright will receive them.  

Though Wright has not been able to prove his identity as Satoshi Nakamoto, he is still backed by many. Wright has received a lot of reinvestment from original Bitcoin Cash supporters for BSV.

He has also boycotted many significant stakeholders of the crypto industry, like including Binance CEO Zhao Changpeng and Blockstream CEO Adam Back. This led to a wave of resistance within the crypto community.

Hodlnaut, one of Wright’s earliest opponents and a bitcoin supporter, was sued by Wright for defamation. On January 16, Hodlnaut announced on twitter that the British High Court had declared that it had no jurisdiction on the case and dismissed it. He added that “Norway has jurisdiction. We will go to court there to end this scuffle.”

We Recomaned

Top Rated Trading Platforms

Top Rated Cryptocurrency Exchange

Partners