Craig Wright Controversy Gets Complicated

Wright has been ordered by Judge Reinhart to turn over documents in which it is claimed that he had unlawfully seized digital assets from Kleiman.

There is a doubt that arises here because Wright has stated in his latest testimony that he is not aware of where the crypto in question is being stored, nor is he absolutely sure if he even has access to any of these external digital storage entities.

Wright has been claiming for a long time that he is Satoshi Nakamoto - the pseudonymous author of Bitcoin's source code and its white paper, a document that lays out the core design for the currency's digital ecosystem.

In recent times, when called a fraud, Wright has resorted to suing all those who disagree with the notion that he is the mastermind behind Bitcoin.

Christopher Inks, the founder and CEO of TexasWest Capital - a crypto research trading firm - also believes that, while there is a slim possibility that Wright might be Satoshi, he is making his claims harder to believe - especially with all of the recent stories that have emerged in relation to him.

Wright is of the belief that in the wake of the aforementioned court ruling, the crypto market could soon be flooded with billions of dollars worth of Bitcoin.

As mentioned earlier, it appears as though Wright might not have access to the private keys associated with the various digital wallets containing the BTC. In this regard, it is worth recalling that in an earlier testimony, Wright had said that he had passed on a key piece of information to Kleiman before his demise back in 2013.

As a result of his death, Wright thinks it will be extremely hard for him to track down the storage entities holding the crypto.

In his opinion, only Bitcoin SV - a digital currency that has Wright as its most vociferous proponent - will be affected by these recent developments, with traders most likely dumping the asset in the near future.

"Dr. Wright intentionally submitted fraudulent documents to the Court, obstructed a judicial proceeding, and gave perjurious testimony."