Learn How To Profit From The 2021 Cryptocurrency Bullrun Now!
Get 10% Discount Off Your Crypto Trading Commissions Now!
Get Free Bitcoins!
The court case between Australian Craig Wright and the estate of his now deceased friend David Kleiman over legal rights to tens of billions of dollars worth of Bitcoin mined by Satoshi Nakamoto could end in a mistrial if jurors remain deadlocked.
Wright claims he used the pseudonym Satoshi Nakamoto when he invented Bitcoin. The case being deliberated began in 2018 when the estate of his associate Kleiman sued him on the grounds the pair were partners who'd invented and mined Bitcoin together
By about 5PM UTC on Nov. 2, the jury was deadlocked, having issued the following statement:
“Unfortunately we cannot come to a conclusion and we cannot all agree on a verdict on any of the questions.”
As of 10PM UTC, the jury remained deadlocked and is set to return tomorrow, according to court reporter Carolina Bolada from Law360.
Judge Beth Bloom issued an Allen Charge instructing the jury to continue deliberating until it reaches a verdict. She said, “I suggest that you now carefully reexamine and reconsider all the evidence in light of the court's instructions on the law.”
If the jury is still unable to reach a verdict, however, the judge could declare a mistrial.
The stakes in the case are high. Both sides contend that Wright is Satoshi, however they are at odds over the ownership of 1.1 million Bitcoin (BTC) mined at the time. As of today, that 1.1 million BTC is worth $62,568,836,000.
Related: Was the first reply to the Bitcoin white paper Satoshi themself? In-depth theory
In court, David Kleiman’s brother Ira argued on behalf of the estate that Wright broke an oral agreement with David to mine Bitcoin and develop its technology together.
Wright claims that no such partnership existed, and that at most Kleiman proofread the Bitcoin whitepaper since he was not a developer and could not have debugged the Bitcoin code.