Bitcoin news

Craig Wright Denies Transferring 50 BTC from “Satoshi” Address



Calvin Ayre, an advocate and benefactor of Bitcoin SV (BSV) revealed that Craig Wright has denied moving 50 BTC from a long-inactive address previously thought to belong to the Bitcoin founder Satoshi Nakamoto. The 50 BTC were moved on Wednesday 20, from the address, which contains coins that were mined barely a month after the launch of the Bitcoin mainnet in 2009. For this reason, the address has been believed to belong to the Bitcoin founder, as only they could have mined these coins.

Adam Back claimed in a tweet that Satoshi was not so dumb as to sell his earliest mined coins and expose his whereabouts. He would sell his most recently mined coins. Additionally, Back claimed that the Satoshi research was guesswork, and random early miners could be exposed wrongly next.

Ayre went ahead to reply to Back, claiming that maybe the 50 BTC were moved by someone from Ira Kleiman’s camp from their Satoshi blocks, since they had not been exactly accurate in court. He also said that Craig Wright had denied being Satoshi and that the coins had nothing to do with him.

Possible Case Of Perjury

The address that the 50 BTC were moved to is 17XiVVooLcdCUCMf9s4t4jTExacxwFS5uh, which is among 16000 addresses listed in a court document in Kleinman v. Wright case, where Wright claimed the address to be his.

Wright denied having access to the private keys for this address, so he cannot have moved these BTC. If he lied to not having the private keys and he moved the BTC, he is in legal trouble. In addition, if someone else moved the BTC, then Wright would be in legal trouble too, as it indicates the address is not his, and he lied in court.

Previous Perjury Charge

In February 2018, Jon Montroll allegedly lied on several occasions to SEC staff during testimony in court, to conceal that their blockchain-based platforms suffered customer losses due to software exploit.

Montroll was taken into federal custody on 18 February 2018 for giving false sworn testimony and false documentation. Montroll operated WeExchange, which was a bitcoin depository and currency exchange service, and BitFunder, which facilitated purchase and trading of virtual shares of business entities that listed their virtual shares on the [platform.  BitFunder was hacked in 2013 allowing hackers to get away with 6000 BTC, which they withdrew from WeExchange. Montroll claimed that the hack was stopped within hours, and the BTC were not withdrawn.

Image courtesy of Flickr



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