Court: Self-proclaimed Bitcoin inventor to pay $43 million for illegally seizing intellectual property

A federal court in West Palm Beach, Florida, decided on Wednesday, March 9, that self-proclaimed Bitcoin (BTC) founder Craig Wright must pay $43 million to a joint venture he co-founded.

According to a ruling issued [PDF] by U.S. District Judge Beth Bloom, Wright must pay an additional $43 million to a joint venture he co-created, on top of the $100 million judgment against him last year.

In December, a jury determined that Wright had illegally taken intellectual property belonging to the joint venture with late computer forensics specialist Dave Kleiman, W&K Info Defense Research.

According to the court’s final decision, the extra $43 million in interest on damages sustained by W&K from the time he seized possession of the IP in 2013 until the court’s final verdict.

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