Craig Wright Faces Setback as UK Supreme Court Rejects Appeal in Libel Lawsuit

Craig Wright Faces Setback as UK Supreme Court Rejects Appeal in Libel Lawsuit


UK Supreme Court Rejects Craig Wright’s Appeal in Legal Dispute with Peter McCormack

The U.K. Supreme Court has denied Craig Wright’s request to appeal a decision in his legal battle with Bitcoin podcaster Peter McCormack. Despite claiming to be Satoshi Nakamoto, the creator of Bitcoin, Wright has been unable to provide convincing evidence and has taken legal action against those who doubted him.

Peter McCormack Emerges Victorious

Craig Wright filed a defamation lawsuit against Peter McCormack for rejecting his claim as Satoshi Nakamoto. In 2023, Wright lost the libel case, and this recent ruling may finally put an end to their five-year legal dispute.

“The Supreme Court refused permission for Craig Wright’s appeal. They’re very pleased that the judgment stands – the one pound nominal damages award, which Craig has tried to appeal twice unsuccessfully,” said Rupert Cowper-Coles, representing McCormack.

McCormack confirmed the development on X (formerly Twitter), expressing relief that the Supreme Court denied Wright’s final appeal. He stated, “This is the end of the line for Wright’s substantive claim against me.”

Wright Offers Settlement to COPA

In another legal battle, Craig Wright has reportedly proposed a settlement offer to members of the Crypto Open Patent Alliance (COPA) and other involved parties. The offer, outlined in a letter on his personal blog, suggests waiving Wright’s database rights and copyrights related to BTC, BCH, and ABC databases. He also offers an “irrevocable license in perpetuity” to his opposing parties.

This settlement offer adds another layer of controversy to the ongoing disputes surrounding Craig Wright’s claims within the crypto community.

Hot Take: Craig Wright’s Legal Setbacks Continue

The rejection of Craig Wright’s appeal by the U.K. Supreme Court in his legal dispute with Peter McCormack is another blow to his credibility. Despite his persistent claims of being Satoshi Nakamoto, Wright has failed to provide substantial evidence. This ruling may bring an end to their long-standing legal battle.

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In addition, Wright’s settlement offer to COPA and other parties involved in ongoing legal disputes showcases the complexities and controversies surrounding his claims within the crypto community.

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Owen Patter is a distinguished crypto analyst, accomplished researcher, and skilled editor, leaving a notable imprint on the cryptocurrency landscape. As a proficient crypto analyst and researcher, Owen delves into the intricate realms of digital assets, offering insights that resonate with a diverse audience. His analytical acuity is harmoniously paired with adept editorial skills, allowing him to transform complex crypto information into easily comprehensible content. Owen’s contributions serve as a valuable guide for both seasoned enthusiasts and newcomers, aiding them in navigating the dynamic world of cryptocurrencies with well-researched perspectives. With a meticulous commitment to precision, he empowers informed decision-making in the ever-evolving crypto domain.