Craig Wright allegedly presents falsified documents in court
At this rate, how long can Bitcoin SV prices resist taking a plunge?
The ongoing multi-billion dollar Kleiman vs Wright court case has tilted once again, with the Kleiman estate's lawyer Stephen Palley presenting evidence suggesting that some of the documents presented by Craig Wright have been fabricated.
This isn't the first time Wright has been dogged with these kinds of allegations. This time it focuses on the document which supposedly dates from 2012, but contains various discrepancies which say otherwise.
a purported 2012 trust doc with font files copyrighted 2015 pic.twitter.com/Gi66glsESh
— Palley (@stephendpalley) July 3, 2019
What's happening here is that the document was supposedly created in 2012, but the copyright of the font it uses (Calibri) dates to 2015.
Font enthusiasts point out that Calibri itself was certainly used prior to 2012, but the point here is that the document is meant to be the original, created in 2012, and so the copyright date on it should not be 2015.
Another discrepancy can be found in the details of an email that was supposedly sent in 2011.
The metadata associated with this email, which was presented as evidence...
... gets the day wrong.
the return path. rofl.
also, June 24, 2011 was a Friday. pic.twitter.com/VClq15HRj7
— Palley (@stephendpalley) July 3, 2019
The court case is ongoing.
What does this mean for BSV?
Bitcoin SV prices have not noticeably changed following the new set of allegations.
While it might seem incredible that BSV prices are remaining so stoic in the face of the twists and turns this case keeps bringing, it's possible that anyone who was going to sell as a consequence of these sorts of allegations has already done so.
In fact, none of these developments seem to be impacting BSV prices at all. Like any other altcoin it's been down against Bitcoin lately. Indeed, price rises in June have seen Bitcoin market dominance reach its highest point since December 2017.
But as Palley said, being found to have presented fake evidence is very bad news for whoever's caught doing it. The case began with billions of dollars of Bitcoin at stake, but as it's developed, the US$3.5 billion BSV market cap has also been potentially put at risk.
Also watch
Disclosure: The author holds BNB, BTC at the time of writing.
Latest cryptocurrency news
- SEC crackdown on Binance, Kraken – What it means for Aussie investors
- Sam Bankman-Fried found guilty – what it means for Australian FTX victims
- Bitcoin’s price soars over 10% on ETF rumours – here’s why
- New regulations for Aussie crypto exchanges: What it means for investors
- Sam Bankman-Fried’s FTX trial starts tomorrow – what it means for FTX customers
Picture: Shutterstock
