Chain Analysis Corroborating Craig Wright’s Role in the Early Days of Bitcoin The newly released documents in conjunction with our ability to corroborate their claims through chain analysis show Craig Wright as a major holder of bitcoin and user of bitcoin during its initial years. Multiple legal entities dating back to 2009 and contracts from 2011-2013 show CSW and related entities developing bitcoin related intellectual property, buying software with large sums of bitcoin, and issuing loans denominated in bitcoin to and from entities. Several of these documents list specific addresses as part of the contracts which current chain analysis can easily corroborate as valid. One such document referred to in a recent motion by the plaintiffs (page 1) demonstrates Craig’s early control and use of large quantities of bitcoin in 2013. A deed of assignment dated June 30th 2013 between “Craig Wright R&D FOR Hotwire PreEmptive Intelligence Pty Ltd” and “Strasan Pty Ltd” outlines an transfer of bitcoin held in a list of designated addresses to a new bitcoin address owned by Strasan starting “1LXc28”. A search for the recipient address on a block explorer reveals that approximately six weeks later, on August 13th 2013, 34,512 BTC was transferred from the listed addresses to the “1LXc28” address as described in the deed of assignment. Other documents, that possibly remain unresolved, show even larger sums of bitcoin being transferred and assigned. A deed of loan (page 11) dated October 23rd, 2012 between “Uyen Nguyen of Design by Human Ltd (Mortgagee)”, “Craig Steven Wright of Craig Wright R&D (Mortgagor)”, and “Panopticrypy Pyt Ltd for Denariuz Seychelles International Trust (Guarantor)” involves a principal sum of 650,000 BTC which is due “30 June 2020.” Recital C of the deed, reads “It is noted that the Mortgagee [Uyen Nguyen] holds a sum of Bitcoin (in wallets noted in appendix A) for a trust that wishes to extend the uptake and value of Bitcoin globally.” A trust that “wishes to extend the uptake and value of Bitcoin globally” reflects what is described in the “Trust Purpose” section of the Tulip Trust document (page 27). Appendix A of the 2012 deed of loan lists dozens of addresses totalling 655,275.08 Bitcoin. Current chain analysis of these addresses reveals that some (like "1933phfhK3ZgFQNLGSDXvqCn32k2buXY8a") now have a 0 balance despite holding the listed amount at the time of the deed’s signing while others retain their listed amounts. One such address “1FeexV6bAHb8ybZjqQMjJrcCrHGW9sb6uF” retains over 79,900 bitcoin (BTC, BCH, and BSV) today valued at over $817 Million. An even earlier document (page 20), an intellectual property licensing agreement, dated April 22, 2011, between “Craig Wright of Craig Wright R&D” and “Dave Kleiman for W&K Info Defense LLC” outlines the transfer of two payments totalling 215,140 bitcoin from two “financier” (Craig Wright) controlled addresses to two “Provider” (Dave Kleiman) provided addresses. Current chain analysis shows that the two payments of 165,140 BTC and 50,000 BTC occured days before their respective due dates as detailed in the licensing agreement. At the first due date (April 30, 2011) the price of bitcoin was approximately $2.00 USD and the 165,140 payment represented the transfer of between 2% and 3% of bitcoin’s total supply. ***Since initially publishing this document on June 9th, 2020, the aforementioned “1Feex” address with over 79,000 Bitcoin became a topic of public discussion when CSW’s legal representation issued a document to several BTC developers titled “Notice Regarding Ownership of BTC”, which explicitly mentioned ownership of that address through Tulip Trading Ltd. Information on that development can be f ound here.
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