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You are here: Home / Bitcoin ‘creator’ slammed with $5 billion lawsuit

Bitcoin ‘creator’ slammed with $5 billion lawsuit

The family of dead American IT specialist Dave Kleiman filed a lawsuit in a US federal court in Florida on February 14 against Australian businessman Craig Wright, alleging he had stolen up to 1.1 million Bitcoins, the family said on Tuesday. Kleiman’s brother Ira told the tech site Motherboard that the total amount of Bitcoin in question is unknown and could be between 300,000 and 1.1 million. Bitcoin: Where it came from and where it’s headed Good time to start a currency Introduced in 2009, Bitcoin was the world’s first decentralized digital currency. It quickly gained traction amid lingering uncertainty in the wake of financial crisis. Designed to be as rare as gold, Bitcoin was created to have a maximum of 21 million “coins.” Initially worth just a fraction of a cent, by February 2011 the currency had gained parity with the US dollar, then it really took off. Bitcoin: Where it came from and where it’s headed An anonymous founder The name Satoshi Nakamoto is synonymous with Bitcoin. It is said to be the alias for an unknown IT whizz who invented the cryptocurrency. But despite claiming to be a 30-something Japanese national, it is generally thought that several computer science… Read full this story

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