Craig Wright Says He Has No Funds for Settlement in Kleiman Case

The latest court documents in the David Kleinman versus Craig Wright case filed on Nov. 1 reveal that Wright - the self-proclaimed Bitcoin creator Satoshi Nakamoto - informed the plaintiff that he could not finance a 500,000 BTC settlement.

Given that the case was apparently reaching a resolution with the agreement, the plaintiff stopped active litigation and focused on settlement, joining Wright's requests to extend the deadline into late October.

"On October 30, without any advance notice, Plaintiffs were informed Craig could no longer finance the settlement and was 'breaking' the non-binding settlement agreement."

The given document is the plaintiff's expedited motion to depose out of state witness.

The deposition explains that in September the plaintiffs discussed a settlement with Wright, noting that his claims implied he had the means to cover the costs.

Because Wright broke the settlement agreement, the plaintiffs resumed preparing for a trial.

As part of the process, they contacted the chief financial officer of Wright's companies in 2013 and 2012, James Wilson, "During which Dave was alive and Craig alleges he sold Dave interest in his companies in exchange for a fortune of Bitcoin."

"Under the Local Rules of this District, parties must have 7-days notice for a deposition in Florida, but 14-days notice for an out of state deposition."

The Plaintiffs "Respectfully request that the Court allow them to depose Mr. Wilson on November 8, 2019 in Washington D.C. on condition they provide Defense counsel with the ability to attend the deposition via video link," the document reads.

As Cointelegraph reported in mid-October, Wright has asserted that Satoshi Nakamoto, the author of the Bitcoin white paper, plagiarized him.