Craig Wright Not To Lose Bitcoin In The Kleiman’s Case- US Judge
A District Judge of the United States has quashed the previous judgement against Craig Wright delivered by the U.S. Magistrate Judge Bruce Reinhart. In his judgement, he held that the said previous sanction ordering Craig Wright to forfeit half of his Bitcoins to the estate of Dave Kleiman will not stand.
Judge Bruce of the U.S Magistrate court delivered the quashed ruling in August over the long lingered court battle in respect of an alleged 1.1 million Bitcoins mined jointly by Wright and Kleiman in the early periods of Bitcoin
Also discovered from court documents filed with a U.S. district court in Florida on Jan. 10, Judge Beth Bloom ruled against Reinhart’s earlier sanction on the ground that it was improper.
According to Judge Bloom in this Kleiman’s case, Wright had not made effort in good faith to comply with discovery orders and thus should still pay the Kleiman estate’s attorney fees.
Recall that the Kleiman estate filed a motion asking for legal costs of $658,000 in November last year. This prompted Wright to timeously respond with a counter-motion, asking for this to be thrown out on the ground that both the hours worked and hourly rate were “unreasonable.”