Some background on what that means: Wright was a business partner to one David Kleiman, and they mined a lot of Bitcoin together back when that was an easier thing to do. The pair ended up with 1.1 million Bitcoin in their custody, and that stash is known as the “Tulip Trust” in reference to the tulip bubble that took the Netherlands by storm in the 17th century.
Kleiman passed away in 2013, and the law is clear that half of the business’ assets should go to Kleiman’s estate. But this never happened, so Kleiman’s surviving brother is suing Wright for the estate’s share.
A complicated and contentious court case
A 2015 investigation pointed to Wright and Kleiman as the possible inventors of Bitcoin, and reporters surfaced a draft of a contract that described the existence of the trust and effectively grants all of it to Wright. This moved David Kleiman’s brother Ira to launch the suit in February 2018.
It was a long and drawn out process for the legal system to identify where Wright was storing his crypto assets, and Wright was ultimately found in contempt of court last year for failing to supply a list of any BTC holdings he acquired before December 31, 2013. Wright then received a court order on January 10, 2020 calling for him to effectively open the kimono on the Tulip Trust.
It can be said Wright has only produced wallet addresses to the court not the keys and really most forensic bitcoin guys knew them anyway.To us this looks like a scam to inflate the coins value