Back in 2018, Craig Wright, Bitcoin’s SV powerful proponent, was sued by the estate of Dave Kleiman. He used to be Wright’s former business partner back in the early days of Bitcoin. The case alleges that Wright defrauded Kleiman’s rightful claim to 1.1 million bitcoins, currently worth upwards of $5 billion.
CSW Has To Pay $165,000 In Legal Fees
While the case against the self-proclaimed Satoshi Nakamoto continues, Wright has been ordered to pay legal fees totaling $165,000 according to a court document. It’s worth noting that the judge removed some of the fees but the bill is still nothing but sizeable.
Those legal fees were incurred throughout the litigation of two motions. They are regarding the production of necessary documents on Wright’s alleged Bitcoin holdings.
Kleiman’s lawyers initially asked for $658,581 which included some expenses and mostly for wages. However, the judge found that the attorneys were charging rates in excess and had also billed for hours without explicitly explaining what they were working on. Hence, the judge stroke these expenses out. Read More...