Self-Professed Satoshi Flips, Prepares to Challenge Billion-Dollar Bitcoin Ruling

Self-proclaimed Bitcoin creator, Australian computer scientist and crypto entrepreneur Craig Wright is gearing up to challenge a ruling ordering him to hand over half of his estimated $10 billion in Bitcoin holdings to the estate of his late business partner, Dave Kleiman.

In a new court filing, Wright asks for a 14-day deadline extension that will give him more time to submit a challenge to the ruling.

Despite initially telling Modern Consensus that he would comply with the order, the new filing says Wright plans to challenge the ruling and that his lawyers need more time, due to foul weather in Florida.

“Dr. Craig Wright respectfully requests a fourteen-day extension of time to file a motion with the district court judge challenging Magistrate Reinhart’s August 27th order. In support of this request, Dr. Wright states as follows:

1. On August 27, 2019, Magistrate Reinhart issued an order deeming as established certain facts that go to the heart of this case and striking eight of Dr. Wright’s affirmative defenses.

2. 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.

3. Accordingly, without waiving his rights as to whether the purported order was correctly issued in the first place, any motion challenging the order would be due on September 10, 2019.

4. Counsel for Dr. Wright have been diligently working on meeting this deadline, however, Central and South Florida are currently threatened by a major hurricane. Hurricane Dorian is expected to make landfall in Florida early next week and counsel for Dr. Wright have been expending significant time preparing for the hurricane, which has limited their ability to work on this matter.”

You can check out the full request here.

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