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‘Bitcoin Creator’ Craig Wright Almost Ended Up in Handcuffs: Report

Originally published on: CCN Markets
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June 28, 2019

Craig Wright revealed that the private keys necessary to access a disputed $10 billion Bitcoin haul would be released next year. Wright claimed the keys were handed to a bonded courier, who was directed to deliver them in 2020.

The revelations came during Wright’s deposition in the ongoing Kleiman trial, at one point during which he allegedly theatrically broke down in tears. According to Florida court reporter, Carolina Bolado, the legal battle looks set to run for some time, as Wright wreaks havoc and confusion in the courtroom.

The Story Changes: Bitcoin Keys Will Be Released in 2020

As per live tweet updates from the Florida courtroom, the self-proclaimed Satoshi Nakamoto’s day in court was eventful, if unproductive. Between bouts of crying, throwing documents across the room, and being threatened with handcuffs, Wright made yet more startling claims.

Despite being questioned on the whereabouts of the contested Bitcoin trust private keys for over a year, this is the first time Wright ever mentioned the 2020 release date. Until now, he claimed the Bitcoin holdings were practically unattainable. Wright maintained the funds were guarded by multiple stewards in a blind trust – to which he did not have access.

So Wright has explained that he needs at least 8 of 15 key slices in the right order to access the bitcoins in his trust. (Bear with me here on the technical stuff; I’m a legal reporter, but definitely not a cryptocurrency expert.)

— Carolina Bolado (@CarolinaBolado) June 28, 2019

When asked who was in possession of those 15 slices, Wright claimed to be in ownership of some himself. On the location of the others he claimed to be less sure.

Freedman: “Who holds the 15 key slices?”

Wright: “I hold some. I don’t know off the top of my head.”

— Carolina Bolado (@CarolinaBolado) June 28, 2019

At this point, the judge took over questioning – likely incensed by Craig Wright’s sudden revelation, which should have been made known earlier. From Bolado’s minute by minute tweets:

So the judge took over questioning here. Wright explained that he gave some keys to Dave Kleiman and directed him to give them to bonded couriers. Some of the keys won’t be made available until 2020.

— Carolina Bolado (@CarolinaBolado) June 28, 2019

The judge reiterated the claims for clarity’s sake – throughout all of the court proceedings thus far, Wright has never mentioned this multi-key, 2020 bonded courier system.

Judge: “So since 2016 you have known that you didn’t have access to these files and wouldn’t have access until 2020? And you knew this in February 2019, and March 2019?”

— Carolina Bolado (@CarolinaBolado) June 28, 2019

Tears, Fears, and Handcuffs

Amid the revelations coming from West Palm Beach on Friday, court attendees were also greeted to some theatrics. As well as breaking down in tears at the thought of this invention being used by criminals, Wright threw court documents across the room, prompting the judge to threaten him with immediate arrest.

Wright then tossed the document, which did not sit well with Judge Reinhart:

— Carolina Bolado (@CarolinaBolado) June 28, 2019

“You throw another document in my courtroom you will be in handcuffs so fast your head will spin” — Judge Reinhart

— Carolina Bolado (@CarolinaBolado) June 28, 2019

At one point in the proceedings, Kleiman’s counsel, Vel Freedman, asked why Wright had listed a company created in 2014 as the beneficiary of a trust created in 2012.

Freedman put several documents to Wright, which the Australian claimed not to recognize. That’s despite the fact that it was his own legal team which sourced them during discovery.

Wright: “You have put forth documents I don’t recognize.”

Freedman: “Documents you produced in discovery.”

— Carolina Bolado (@CarolinaBolado) June 28, 2019

That seems to be the tone of the day according to Bolado’s updates – confusion, befuddlement, and stalling for time. How much truth there is in Craig Wright’s latest claims is up for debate. But one thing’s for sure according to Bolado, this won’t be over any time soon.

Kleiman’s counsel has rested. We’re on a break now before we go to redirect. This definitely will not be over today. They’re trying to finish up with Wright but will have to come back another day for testimony from expert witnesses.

— Carolina Bolado (@CarolinaBolado) June 28, 2019

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