By The Craig Wright vs Peter McCormack has taken an interesting turn as popular Stable coin maker Tether, has revealed that it would be supporting McCormack in his battle against Wright. Stuart Hoegner, General Counsel for Tether and crypto exchange Bitfinex, revealed on November 8, that Tether has also rejected Wright’s claims of being Satoshi Nakamoto. He took to twitter and said:
“Craig Wright’s claims to be Satoshi Nakamoto have been rejected by many […] Wright has had myriad opportunities to prove that he is Satoshi and has not definitively done so.”
Hoegner also mentioned that this support will be something more than just words, but the tweet did not clarify what kind of support McCormack will be receiving from Tether.
“Litigation can be drawn-out and expensive, but we are committed to the long game. We admire Peter’s conviction and are humbled to support his defense against what we see as frivolous and vexatious litigation.”
Craig Wright, who is infamous for calling himself Satoshi Nakamoto, the anonymous creator of Bitcoin, had filed a libel claim in the United Kingdoms against popular cryptocurrency twitter personality, Peter McCormack.
The reason behind his claims was that McCormack had accused Wright of fraud and false claims of being Satoshi Nakamoto in one of his videos. According to reports from BSV focused news outlet CoinGeek, Wright thinks that the claim aims to “prevent McCormack from making further fraudulent claims that Wright is not the individual behind the Satoshi Nakamoto pseudonym.” Wright had also noted that McCormack’s comments were meant to hurt Bitcoin Satoshi Vision (BSV).
In the filing, Wright has also claimed for £100,000 (over $130,000) in damages and legal costs and court fees. However, this move by Wright’s legal team resulted in BSV being de-listed from world’s number one cryptocurrency exchange by volume, Binance. The filed report states:
“Wright maintains that BSV is the real target due to its capacity for massive on-chain scaling, which represents an existential threat to the future of other cryptocurrencies, the flawed design of which prevents them from scaling to meet the needs of a truly global financial platform.”
Previously, Wright has been involved in an on-going case involving David Kleiman, a deceased scientist. He was accused of stealing billions of dollars’ worth of bitcoin from Kleiman after he passed away in 2013. Recently Wright has been accused of providing falsified documents to the court to prove a trust deed with his plaintiffs.
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