Craig Wright faces contempt hearing in Kleiman case, refuses to show Bitcoin holdings

Craig Wright, the notorious creator of Bitcoin SV, failed to disclose his Bitcoin holdings in spite of an order from a Florida court.

The Craig Wright saga has been one of the most heavily covered topics in the crypto industry for months and it still shows no signs of stopping.

Namely, Wright has been embroiled in a lawsuit with Ira Kleiman, brother of the late David Kleiman, who he claims helped him develop Bitcoin.

Back in May, a U.S. court ordered Wright to disclose the list of the public Bitcoin addresses he held as of Dec. 31, 2013.

Devin Freedman, a legal representative of Boies Schiller Flexner law firm, said that Wright failed to disclose his holdings.

Craig Wright hasn't complied with the court's order to list his bitcoin as of 12/31/13.

According to Daniel Kelman, an independent U.S. lawyer, Wright claims that disclosing his Bitcoin holdings would be "Impossible." All of his holdings were allegedly placed in a "Blind trust" in 2011, which Wright himself couldn't access.

The Florida court ordered hearing on Jun 28 as to whether Wright should be held in contempt of court for failing to produce the Bitcoin addresses in discovery, Kelman explained.

The Jun 28 hearing could also have devastating consequences for the Wright's Kleiman case as a whole.

If Wright is found to be in contempt of court, it could strongly tilt the verdict in favor of Kleiman.