Advertisement
AD

Main navigation

Advertisement
AD

Self-proclaimed Satoshi Craig Wright Loses Appeal in McCormack Lawsuit

Advertisement
Wed, 26/07/2023 - 14:55
Self-proclaimed Satoshi Craig Wright Loses Appeal in McCormack Lawsuit
Cover image via www.youtube.com

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Read U.TODAY on
Google News

Bitcoiner and podcaster Peter McCormack shares the latest update in the Craig Wright v. Peter McCormack case.

Advertisement

In the latest development in the case, self-proclaimed Satoshi Craig Wright has lost his appeal. In a tweet, McCormack stated that Wright's appeal case has been dismissed by the Court of Appeals, thus ending in a loss for the self-proclaimed Satoshi.

McCormack stated that the justices agreed with the previous judgment to reduce Wright's damages to £1 for putting forward "deliberately false" evidence of serious harm.

Advertisement

In a dig at the self-proclaimed Satoshi, McCormack teased that Wright may now appeal to the Supreme Court, but after reading the decision, he believes this will be denied.

Last August, the ruling judge in the case found that Wright had advanced false evidence in his claim, and it therefore awarded him only nominal damages of one pound (£1).

The judge determined that Wright had told lies and stated that, while damages would have been reduced for other reasons, he would still have made "a more than minimal award" were it not for the lies. Because of the lies, the judge reduced his award to a nominal £1.

Related

Following that, Wright filed an appeal on the sole basis that "the trial judge was wrong to hold that his litigation misconduct could or should serve to reduce his general compensatory damages to a nominal sum of £1." He did not, however, challenge any of the judge's findings of fact.

In a July 26 ruling, the justices dismissed the appeal for several reasons.

The legal dispute between McCormack and Wright arose from a 2019 debate, which was later posted on YouTube, in which McCormack labeled Wright a liar and stated that he "is not Satoshi." Wright stated that such comments cost him money after he was refused invitations to speak at numerous gatherings and conferences.

Craig Wright has been embroiled in a series of legal fights over his claims to be Satoshi Nakamoto, whose genuine identity remains a mystery.

A
A
A

Related articles

Advertisement
TopCryptoNewsinYourMailbox
TopCryptoNewsinYourMailbox
Advertisement
Advertisement

Recommended articles

Latest Press Releases

Our social media
There's a lot to see there, too

Popular articles

Advertisement
AD