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Palley Takes On ZachXBT Defense After Wright Saga
Stephen Palley's stepping up. The lawyer who once fought for the Kleiman estate against Craig Wright has a new mission. He'll defend crypto sleuth ZachXBT in the Huang Licheng lawsuit. Alongside him? Jess Meyers and a Brown Rudnick crew.
This pops up while Wright's legal drama keeps sending ripples through crypto circles. Seems like these stories never end. Palley was the one who filed that big case for David Kleiman's family. They believed Wright took Bitcoin that wasn't his after Kleiman died back in April 2013.
Wright's been drowning in legal troubles since. A Florida jury didn't make him split the supposed 1.1 million Bitcoin with the Kleimans. Yet they still hit him with a $143 million bill in 2023. Something about intellectual property and W&K Info Defense.
The Satoshi claims? London's High Court crushed those earlier this year. The judge didn't mince words. Said Wright "lied extensively" to back his fake identity claims. Kind of surprising how direct they were. They even called his tactics "legal terrorism" putting folks through "personal hell."
Multiple defeats. A suspended jail sentence for contempt. That $143 million? Still unpaid after two years. Wright seems pretty stubborn.
Palley jumping into the ZachXBT situation brings serious firepower. He's no stranger to crypto courtrooms. Not entirely clear what'll happen next, but the defense team just got way stronger with someone who battled in one of Bitcoin's biggest ownership fights ever.