Craig Wright, the self-proclaimed creator of Bitcoin (BTC), will have to pay an additional $43 million to W&K Info Defense Research. That's what a federal judge in West Palm Beach, Florida, ruled last Wednesday (9).

W&K Info Defense Research was founded by Wright and his partner, David Kleiman, about 10 years ago.

During this time, the court said, Wright illegally seized intellectual property belonging to the joint venture.

Millionaire Beliefs

Controversial Australian computer scientist Wright and computer forensics expert Kleiman were friends when they founded the company.

However, after Kleiman's death, his brother Ira Kleiman filed a lawsuit against the "fake Satoshi Nakamoto" on behalf of W&K.

Kleiman's brother said Wright stole intellectual property related to W&K's blockchain technology, as well as 1.1 million bitcoins.

Klayman said the assets are worth more than $11 billion. At current prices, 1.1 million bitcoins are worth about $44 billion.

Following an investigation, Wright was ordered to pay $100 million in December for illegally acquiring the joint venture's intellectual property.

However, the jury did not find Wright responsible for any of the other charges, including theft and fraud. Therefore, it determined that W&K and Kleiman were not entitled to any of the disputed bitcoins.

It is important to note that there is always a probability of adding pre-judgment interest to the initial value. This interest is essentially additional money that the court can award the case based on the interest earned during the period that the judgment entitles the plaintiff to that interest.

Now, as noted in a recent court filing, Judge Beth Bloom has ordered him to pay an additional $43 million in pre-trial interest to compensate W&K for its losses.

The company's lawyers said in a statement that the ruling "sets a historical precedent for cryptocurrencies and blockchain.