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Craig S. Wright Awarded £1 Damages in “False” Bitcoin Libel Case

Key Takeaways

  • A excessive courtroom choose has dominated in favor of self-proclaimed Bitcoin creator Craig S. Wright in his libel case towards Peter McCormack, ordering McCormack to pay £1 in damages for inflicting “severe hurt” to Wright’s fame.
  • Wright took McCormack to courtroom after he printed content material on-line describing Wright as a “fraud” and a “liar.”
  • The choose ordered McCormack to pay a nominal sum of £1 after concluding that Wright had offered “a intentionally false case.”

Peter McCormack has been ordered to pay Craig S. Wright £1 in damages. 

“A Intentionally False Case” 

Craig S. Wright will obtain £1 in damages from his libel case towards Peter McCormack, a excessive courtroom choose has dominated. 

The press abstract for the case was printed on-line at present, revealing choose Justice Chamberlain’s conclusion that McCormack “prompted severe hurt” to Wright’s fame by publishing and redistributing content material questioning his ties to Satoshi Nakamoto. 

Wright is the creator of Bitcoin SV, a comparatively unknown Bitcoin Money fork that kinds itself as “the unique Bitcoin.” For a number of years, Wright has claimed that he’s Bitcoin’s pseudonymous creator, although his declarations have been met with widespread skepticism inside the cryptocurrency group as he has by no means produced the personal key to a pockets identified to be owned by Satoshi Nakamoto. Considered one of Wright’s most vocal interrogators has been McCormack, a self-proclaimed Bitcoiner with one of many largest on-line followings within the house. 

Because the press abstract famous, McCormack has repeatedly used his social media channels to refute Wright’s claims that he’s Satoshi Nakamoto over the previous few years. The case centered on McCormack’s numerous pushbacks towards Wright, together with a 2019 video dialogue by which he stated “Craig Wright is a fucking liar, and he’s a fraud; and he’s a moron; he isn’t Satoshi.” 

Whereas Chamberlain conceded that McCormack had affordable grounds to query Wright’s claims, he stated that he had additionally prompted vital harm to Wright’s fame. Nevertheless, he additionally famous that he rejected a number of items of proof Wright had offered. In summarizing the case, the choose stated that Wright had pushed “a intentionally false case” with “intentionally false proof” and would due to this fact solely obtain a nominal £1 sum. 

McCormack commented on the case shortly after the notes surfaced on-line. “I wish to thank my legal professionals for his or her diligent work on the case. I additionally wish to thank Mr Justice Chamberlain for this end result. We’re more than happy along with his findings. Please do be aware that the method will not be full and due to this fact I cannot be commenting additional on this,” he tweeted

Wright has been concerned in a number of courtroom instances over time after he publicly declared that he created Bitcoin. Earlier than the case towards McCormack, he was ordered to pay $143 million to W&Okay Info Protection Analysis LLC after he was accused of stealing Bitcoin-related property from the agency.

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