2 ms·
There is a massive PR campaign to misrepresent this verdict. Wright was found to be civilly liable for stealing $100 million in intellectual property from his
by nullc 5y ago
There is a massive PR campaign to misrepresent this verdict.
Wright was found to be civilly liable for stealing $100 million in intellectual property from his dead friend's company. Wright conducted the theft by suing the company and fraudulently presenting himself as a representative of the company in court, where he conceded the lawsuit. It's easy to see why the jury found against him on this mark.
The plaintiffs also attempted to demand billions from Wright, half of the value of the of the bitcoin that Wright claimed to own with his friend in a multitude of wright-provided (forged) documents. It appears that the jury wasn't tricked into thinking Wright had any Bitcoins at all so they awarded nothing there.
In any case, $100 million will be enough to completely bankrupt Wright many times over-- at least until he sucks some more funding out of his victims. So it's not clear that awarding billions would have really made any difference.