On the 21st of December 2022, Peter McCormack, a popular cryptocurrency podcaster based in the United Kingdom, shared the judgment on his case against Craig Wright. He is expected to pay Craig’s legal fees worth £900k, and Craig is to pay his own.
The final judgement in my case against CSW has been handed down.
It is not a very good judgement for Craig but ultimately a very expensive one for me.
On the four key final points… pic.twitter.com/bmXXhP90Bi
— Peter McCormack🏴☠️ (@PeterMcCormack) December 21, 2022
The final judgment was not good for Craig Wright, who has been claiming to be Satoshi Nakamoto, as he headed the team that created the currency… or so he claims.
Peter McCormack has repeatedly called out Craig on his podcast, calling him a fraud trying to gain popularity from the hard work of others. This led to a lawsuit where Craig’s defense took advantage of a flaw in the British legal system.
In this case, Craig didn’t necessarily have to prove he was a fraud. He just had to prove adequate damages for defamation. Furthermore, since the judge felt that the evidence Craig brought forward, in an attempt to show serious harm, was not supported, the court awarded Craig a nominal award for plaintiffs. He was awarded the nominal damage of £1.
The Judge found it important to state that Craig Wright did not prove he was Satoshi and due to the legal loopholes, he did not have to. And since it’s not yet proven that Craig is Satoshi, it’s still very likely that Craig is a fraud, and it’s still very likely that he isn’t.
The judge also stated that the evidence presented by Craig was unreliable, and he has been presenting the same unreliable evidence to two other United States federal high court judges who share his view.
Finally, the Judge stated that District Court Judge, Helen Engebrigtsen, had ample factual basis to believe that Craig lied and cheated in his attempt to prove that he is Satoshi Nakamoto.
In light of the trial, Craig is to pay for Peter’s defense and Peter is to pay for Craig’s defense. This is difficult to be classified as a win or loss for both parties, and this is no basis for Craig to claim legal acknowledgment for his claims as Satoshi Nakamoto.
Fortunately, whether Craig is Satoshi or not has no bearing on the activities of the Blockchain. At this point, it does not matter who Satoshi Nakamoto is as long as the features of the Technology are functional.
Still, some users wonder, if Satoshi Nakamoto wanted such a public display of recognition, why did the alias feel the need to hide their identity?