Craig Wright loses appeal in libel case against Peter McCormack
Craig Wright, the controversial figure who has repeatedly claimed to be the creator of Bitcoin, has lost his appeal in a libel case against cryptocurrency podcaster Peter McCormack. Wright had accused McCormack of damaging his reputation by calling him a fraud and disputing his claim to have invented Bitcoin.
The key points of the content are as follows:
– Wright accused McCormack of defaming him through a series of tweets in 2019.
– The court initially found McCormack’s comments to be defamatory but reduced the damages to just £1 due to Wright’s conduct in the trial.
– The UK Court of Appeal upheld the previous ruling, stating that Wright failed to provide sufficient evidence to support his claims.
– McCormack expressed satisfaction with the decision, highlighting that the judges agreed with the reduction in damages due to Wright’s presentation of “deliberately false” evidence.
– This ruling could have broader implications for Wright’s other legal battles, including his ongoing case against crypto exchanges Coinbase and Kraken.
Hot Take
Craig Wright’s loss in the libel case against Peter McCormack is another setback for the self-proclaimed Bitcoin creator. The court’s decision to uphold the reduced damages and criticize Wright’s lack of evidence undermines his credibility. As Wright continues to face legal challenges, his claim to be Satoshi Nakamoto becomes increasingly tenuous. This ruling could have a ripple effect on his other ongoing legal battles and potentially further discredit his assertions.
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