NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Celsius Founder Alex Mashinsky Receives 12-Year Prison Sentence
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Celsius Founder Alex Mashinsky Receives 12-Year Prison Sentence

Craig Wright Faces a Legal Conundrum as 50 Bitcoin Moves From Address He “Owns”

Priyeshu Garg
Priyeshu Garg
4 years ago
2 mins read
crypto

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

50 Bitcoins that have been mined in the network’s first month have just been moved from an address Craig Wright claimed he owned. The address was part of a list of 16,000 addresses delivered by the bonded courier in January this year, to which Craig claims he had lost the keys to. This poses a serious threat to the credibility of Wright’s testimony in the Kleiman trial, as both confirming and denying he was the one that moved the coins would result in perjury.

50 Bitcoin From the Satoshi Era Moved

After news about Bitcoin mined in February 2009 moved for the first time in 11 years broke, the crypto community was shaken as it opened the possibility of it being the work of Satoshi Nakamoto. However, a deep dive into the UTXO spent revealed that it wasn’t associated with any of the actual Satoshi Nakamoto’s known addresses, but to Craig Wright, the chief scientist at nChain who claims to be Bitcoin’s original creator.

The address from which the 50 BTC was moved earlier today was included in the list of addresses Wright claims belonged to him. The list of addresses was filed to the court as part of Wright’s trial with Ira Kleiman, who is suing Wright for half of his alleged fortune.

The address that sent the 50 BTC transaction seen in the list of addresses Wright provided to the court. (Source: Court Listener)
The address that sent the 50 BTC transaction seen in the list of addresses Wright provided to the court. (Source: Court Listener)

Craig Wright Might be Wrong

As Wright claimed multiple times throughout his trial with Kleiman that he has no way of accessing the coins in any of the addresses he provided to the court, this presents a huge problem for his defense.

If he says that it was him that has moved the coins many believe are very likely to have belonged to Satoshi Nakamoto, he could be held in contempt of court and sentenced for perjury. Among the thousands of filings in his trial, there are numerous sworn affidavits where he claims he had no way of accessing the coins.

However, if he denies having moved the coins, it would mean that the address belongs to someone else. Saying that someone had stolen the private keys would most likely be a very thin defense that probably wouldn’t stand in court.

We are yet to hear from Wright or the Kleiman estate. As of now, several prominent analysts claimed that while these are most likely not coins that have been mined by Satoshi Nakamoto, this is the first time since 2017 that funds dormant for more than 10 years have been moved.

11 year old coins (mined in February 2009) just moved.
This does not happen often. pic.twitter.com/PSEvyWyxVo

— WhalePanda (@WhalePanda) May 20, 2020

Featured Image from Shutterstock
Tweet123Share239ShareSend
Priyeshu Garg
Priyeshu Garg

Priyeshu Garg

Priyeshu is a software engineer who is passionate about machine learning and blockchain technology. He built his first digital marketing startup as a teenager and worked with multiple Fortune 500 companies. He's an alumnus from mass-transit app Ola and holds a degree in computer science engineering. He likes to write bots in his free time.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

SHIBA INU

仮想通貨投資における注目銘柄:Shiba Inuが停滞、Solaxyのプレセールは2025年最有力のミームコインか?

Shiba Inuはここ数ヶ月間、比較的静かなフェーズにあり、過去1週間で20%、過去1ヶ月で32%の上昇を記録しています。 この成長率は、価値が2倍以上になった他のトークンと比較するとやや物足りなく...

Yohei Hanazato 4 hours ago
Solaxy-Solana-Layer2

仮想通貨 おすすめ:Solaxyが3,420万ドルを調達、注目のプレセールで次の100倍銘柄となるか?

ブロックチェーンの普及が加速する中、Solaxyはエコシステムが直面する最も困難な課題のいくつかを解決するプロジェクトとして注目を集めています。 Solana初の本格的なレイヤー2ソリューションとして...

Yohei Hanazato 4 hours ago
Solana

ミームコイン注目:Solana価格が5%急騰、Solaxyプレセールに投資家殺到で100倍の可能性も

Solana(SOL)の価格は過去24時間で5%上昇し、米東部時間午後10時01分時点で$171.80に達しました。取引量も16%増加し、$85億を記録しました。 この急騰により、SolanaはCoi...

Yohei Hanazato 4 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Bitcoin

Bitcoin 6-Month Flight Plan To $188,000, Here’s The Roadmap

Scott Matherson 1 hour ago

Best Crypto to Buy Now as UFC Legend Conor McGregor Calls for a Bitcoin Strategic Reserve in Ireland

NewsBTC 3 hours ago
Bitcoin

Is Bitcoin Headed For A New ATH After $104,000 Triumph? What This Market Expert Thinks

Semilore Faleti 4 hours ago

Premium Sponsors

Top Brands

Press Releases

  • BTC breaks through $100,000 again – SIX MINING users...

    2 hours ago
  • Automated Crypto Profits: How KSD Miner Leverages BTC and...

    4 hours ago
  • BTC: How BTC Cloud Mining using AI Agents is Quietly...

    5 hours ago
  • Global Crypto Leaders to Converge in Dubai for Historic...

    8 hours ago
  • STGEnergy: Bitcoin, Ethereum, Dogecoin, Litecoin, XRP, and...

    11 hours ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.