{"id":55259,"date":"2023-07-26T09:55:46","date_gmt":"2023-07-26T13:55:46","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=55259"},"modified":"2023-07-26T09:55:49","modified_gmt":"2023-07-26T13:55:49","slug":"craig-wright-loses-libel-case-gets-1-in-damages","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/craig-wright-loses-libel-case-gets-1-in-damages\/","title":{"rendered":"Craig Wright Loses Libel Case, Gets \u00a31 in Damages"},"content":{"rendered":"\n

Craig Wright, who claims to be the creator of Bitcoin<\/a>, has lost his libel case against Peter McCormack, a podcaster who called him a fraud. The court ruled that Wright gave false evidence and awarded him only \u00a31 in damages.<\/p>\n\n\n\n

\"Craig<\/figure>\n\n\n\n

Craig Wright, an Australian computer scientist, has long claimed to be Satoshi Nakamoto,\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> the pseudonymous inventor of Bitcoin. <\/p>\n\n\n\n

However, many in the crypto community have met his claim with skepticism and criticism,<\/use><\/svg><\/span><\/a> doubting his evidence and motives.<\/p>\n\n\n\n

One of his critics is Peter McCormack, a Bitcoiner and Podcaster who hosts the What Bitcoin Did show<\/use><\/svg><\/span><\/a>. <\/p>\n\n\n\n

In 2019, McCormack tweeted that Wright was a fraud and not Satoshi and also discussed his views in a YouTube video.<\/p>\n\n\n\n

Wright sued McCormack for libel,<\/use><\/svg><\/span><\/a> seeking more than \u00a3100,000<\/strong> in damages. He argued that McCormack's statements harmed his reputation within the crypto industry and caused him to lose invitations to speak at conferences.<\/p>\n\n\n\n

Court Says Wright Gave False Evidence<\/h4>\n\n\n\n

However, Wright's case collapsed in court, as he was found to have given false evidence and advanced a false case. <\/p>\n\n\n\n

The court found<\/use><\/svg><\/span><\/a> that Wright had no evidence of losing conference invitations, lied about his academic papers, and advanced a false case and evidence.<\/p>\n\n\n\n

As a result, the court awarded Wright only \u00a31 in damages, which is the lowest amount possible in a libel case. Given Wright's dishonesty and the nature of the libel accusation, the court this action justified.<\/p>\n\n\n\n

Wright Vows to Continue Legal Actions<\/h4>\n\n\n\n

In a statement, Wright expressed his disappointment with the court\u2019s decision and said \u201corchestrated online vitriol\u201d<\/em> had harmed his well-being.<\/p>\n\n\n\n

He also said that he would continue to pursue other legal actions to defend his claim to be Satoshi Nakamoto. <\/p>\n\n\n\n

He is currently involved in another lawsuit in Florida, where he is accused of stealing billions of dollars worth of bitcoin from his late business partner.<\/p>\n\n\n\n

McCormack tweeted<\/use><\/svg><\/span><\/a> that he was relieved by the outcome and would continue to support others facing similar lawsuits from Wright. He also commended his lawyers and supporters for their help.<\/p>\n\n\n\n

McCormack's lawyers said they would seek to recover their legal costs from Wright, estimated to be more than \u00a3750,000.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Craig Wright, who claims to be the creator of Bitcoin, has lost his libel case against Peter McCormack, a podcaster who called him a fraud. The court ruled that Wright gave false evidence and awarded him only \u00a31 in damages. Craig Wright, an Australian computer scientist, has long claimed to be Satoshi Nakamoto, the pseudonymous […]<\/p>\n","protected":false},"author":44,"featured_media":55261,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[5723,1727],"class_list":["post-55259","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-craig-wright","tag-lawsuit"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/07\/Craig-Wright.jpeg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/55259","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=55259"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/55259\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/55261"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=55259"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=55259"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=55259"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}