‘Craig Is a Liar’ – Early Adopter Proves Ownership of Bitcoin Address Claimed by Craig Wright

On Could 16, an unknown individual posted a signed message to social media regarding a bitcoin handle that was used as proof within the ongoing Kleiman v. Wright lawsuit. In response to the message, which is verified to be the rightful proprietor of the handle used within the Florida lawsuit, the handle by no means belonged to “Satoshi or to Craig Wright” and as soon as held over 160,000 BTC.

Additionally learn: Blockchain Researchers Mock Craig Wright’s Unsealed Bitcoin Address Listing

Bitcoin Whale: ‘This Address Does Not Belong to Satoshi or Craig Wright’

Since final yr, Craig Wright has been concerned in a lawsuit in opposition to the Kleiman household who’re suing him for allegedly manipulating the now deceased Dave Kleiman’s inheritance. Wright and Kleiman labored collectively and the Kleiman property and Dave’s brother Ira accuse Wright of fraud of “over $11 billion price of bitcoins.” This is because of a slew of paperwork and contracts submitted as proof within the Florida lawsuit. One particular contract submitted to the courts referred to as Exhibit 11 reveals a selection of bitcoin addresses that have been allegedly utilized in a belief held within the UK.

'Craig Is a Liar' – Early Adopter Proves Ownership of Bitcoin Address Claimed by Craig Wright
Exhibit 11 within the Southern District Court docket of Florida case 9:18-cv-80176

The supposed belief can be stored untouched till the “regulatory points” have been resolved, seemingly referring to the regulatory unknowns with bitcoin on the time. Nonetheless, on Feb. 27, 2018, nearly instantly after the case got here to mild, Wizsec Safety printed a submit referred to as “Kleiman v Craig Wright: The bitcoins that by no means have been” which debated the legitimacy of the belief’s addresses.

'Craig Is a Liar' – Early Adopter Proves Ownership of Bitcoin Address Claimed by Craig Wright
A signed message from the proprietor of the 16cou- handle appeared on social media on Could 16, 2019.

Wizsec’s analysis concluded that the one cause the addresses have been used is as a result of at one time all of them had giant quantities of BTC in them. The safety researchers additionally went by the addresses to find out who the addresses could have belonged to. Some wallets have been merely used for Mt. Gox chilly storage and others have been merely merchants who managed to build up tons of cash. However on Could 16, the proprietor of one of the bitcoin addresses listed — 16cou7Ht6WjTzuFyDBnht9hmvXytg6XdVT — posted a message to social media claiming possession of the handle. The message learn:

Address 16cou7Ht6WjTzuFyDBnht9hmvXytg6XdVT doesn’t belong to Satoshi or to Craig Wright. Craig is a liar and a fraud.

'Craig Is a Liar' – Early Adopter Proves Ownership of Bitcoin Address Claimed by Craig Wright
An Electron Money pockets verifying the validity of the signature. Photograph credit score: Mark Lundeberg.

Signing a Message Tethered to a Bitcoin Address Requires Personal Key Ownership

The message additionally contained the legit signature of the proprietor, which may be verified by utilizing public instruments on-line. Basically the proprietor’s signed message comprises a hash that efficiently validates in opposition to the precise handle that when held greater than 160,000 BTC. After the message was posted to social media, Bitcoin supporters and blockchain analysts examined and verified it with instruments to verify it was legit.

'Craig Is a Liar' – Early Adopter Proves Ownership of Bitcoin Address Claimed by Craig Wright
Jameson Lopp verified and shared the message.

Blockchain developer Mark Lundeberg posted a picture to r/btc that reveals the Electron Money pockets verified the message as being actual. Many others verified the message as effectively, together with the developer Jameson Lopp who posted his findings to Twitter. About a week earlier than the verified signature was printed on social media, Lopp said that if the year-old Wizsec Safety report was correct then there are “~23 individuals who might cryptographically disprove Craig’s claimed possession of these addresses.”

The handle, 16cou7Ht6WjTzuFyDBnht9hmvXytg6XdVT (16cou-), is utilized in a minimum of two paperwork stemming from the Kleiman v. Wright lawsuit, in any other case often called the Southern District Court docket of Florida case 9:18-cv-80176. The handle is talked about in Exhibit 11 in addition to Exhibit four which describes an fascinating encounter. Allegedly on October 13, 2011, Wright’s lawyer swore by oath that his consumer got here into his workplace and confirmed him his HTC cell phone. Then, the lawyer writes, “on the display screen of the Wright cellular, I reviewed and verified the next bitcoin pockets addresses.” The final handle listed on Exhibit four is the 16cou- handle, the very one which was verified on Could 16 and left a message calling Wright a “liar and fraud.”

'Craig Is a Liar' – Early Adopter Proves Ownership of Bitcoin Address Claimed by Craig Wright
Exhibit four within the Southern District Court docket of Florida case 9:18-cv-80176

The latest handle signing from the ‘OG bitcoin whale’ unfold like wildfire on Reddit and Twitter all through the day. The message was significant to bitcoiners and never only for what it mentioned, however for the way it actually verified the integrity of the message. The demonstration has proven how validating possession of a bitcoin handle is straightforward. This has been the most important trigger of Wright’s self-proclaimed Satoshi principle being discredited as he has by no means offered any legitimate cryptographic proof.

Simply because the legit handle proprietor of the 16cou- handle proved possession, anybody can show possession with a bitcoin handle if they really maintain the non-public keys. Crypto supporters know that merely claiming possession of sure UTXOs is inconceivable with out the non-public keys. Individuals who try to take action with out cryptographic proof will all the time fail miserably by exhibiting they don’t perceive how the know-how works.

What do you consider the one that signed a message from the 16cou- handle on Could 16? Tell us what you consider this topic within the feedback part beneath.


Picture credit: Shutterstock, Pacer, Court docket Listener, Twitter, Mark Lundeberg, Memo, and the Electron Money pockets.


Do you know Bitcoin.com will quickly be launching a peer-to-peer buying and selling platform referred to as Native Bitcoin Money? The service will permit for direct trade with individuals buying and selling BCH all all over the world. At Bitcoin.com we’re excited and it’s coming quickly! If you wish to keep notified for when the most well liked new buying and selling platform launches – Enroll right here at present!

Tags on this story
16cou- handle, attorneys, Bitcoin Addresses, Bitcoins, blockchain analysts, BTC, Court docket, Craig Wright, Florida, Ira Kleiman, Decide, Kleiman Property, Kleiman Household, Lawsuit, Attorneys, Mark Lundeberg, N-Featured, Researchers, Satoshi, Satoshi Nakamoto, research, Wizsec Safety
Jamie Redman

Jamie Redman is a monetary tech journalist residing in Florida. Redman has been an lively member of the cryptocurrency neighborhood since 2011. He has a ardour for Bitcoin, open supply code, and decentralized purposes. Redman has written hundreds of articles for information.Bitcoin.com concerning the disruptive protocols rising at present.

About Tom Greenly

Check Also

AT&T becomes first big mobile carrier to accept Bitcoin payments

AT&T will permit clients to pay their mobile payments utilizing Bitcoin, including its identify to a …

Crypto Market Wrap: $8 Billion Back as Correction Gets Quashed

Crypto markets bounce again; No correction for BTC but, NEM, THETA and Waves flying. Crypto …