Craig Wright – self-proclaimed bitcoin inventor Satoshi Nakamoto – received only £1 as a result of a defamation case against crypto podcaster Peter McCormack, a renowned bitcoin proponent who had called the computer scientist a liar on several occasions.
UK High Court Judge Martin Chamberlain ruled in Wright’s favour, saying the crypto influencer’s words had caused “serious damage” to the claimant’s reputation. However, the judge also pointed out that Wright deliberately used false evidence to support his claim.
McCormack with “Very Happy” Reign
Craig Wright filed a defamation suit over 14 tweets published and words spoken by high-profile influencer Peter McCormack, seeking $12,200 in compensation for damage to his reputation. The Australian computer scientist blamed his financial loss for not being invited to conferences and events because of his bad name.
Between March and October 2019, McCormack dismissed Wright’s claim that he was Satoshi Nakamoto, with the podcaster and YouTuber referring to Wright as a liar, a fool and a fraud on social media platforms, as published on a press summary was. monday.
It is worth noting that Binance CEO CZ Zhao sided with McCormack in 2019, backing the notion that Wright is not Satoshi and also calling him a “fraud”. Furthermore, Binance Boss saw Wright as the “poison” of Bitcoin SV (BSV), a stern folk from Wright-spearheaded Bitcoin Cash (BSH).
Despite ruling McCormack’s publications as “outrageous”, thus causing “serious damage to Dr. Wright’s reputation”, the judge said that Wright “deliberately carried forward the false case and willfully pursued it”.
False evidence up to a few days before the trial. For that, the claimant will recover only a nominal nominal damages which is as little as £1.
After the news broke, McCormack tweeted That he is “very pleased” with the outcome, but would not comment further on the matter.
As some of you may have noticed by now, the decision of my trial vs. Dr. Craig Wright has now been handed down.
I would like to thank our lawyers for their diligent work on the matter.
I would also like to thank Mr. Justice Chamberlain for this result. We are very pleased with his findings.
— Pedro ️ (@PeterMcCormack) 1 August 2022
Paolo Ardoino, CTO of Bitfinex and Tether, jokingly said The amount of money Wright gets is not even enough to buy Starbucks coffee.
Wright is no stranger to launching legal action against industry supporters, who called him a “fraud” for claiming to be the real Satoshi. In 2020, his lawyers sent a letter to Ethereum co-founder Vitak Buterin asking him to withdraw his comments, casting doubt on his identity as a bitcoin inventor at a conference in Seoul until 2018. After Buterin ignored the letter, Wright dropped the defamation suit without notice. Taking it further.
Speaking on the Lex Friedman podcast, Buterin said that Wright’s claim was simply a “marketing tactic”, adding that the Bitcoin SV proponent had a demonstrated history of saying technically incorrect things, which led to his appearance as Satoshi Nakamoto. Identity further denied. He also compared Wright to Donald Trump, saying the man was good at inciting public outrage in the wake of the block size war.
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