VERDICT: Peter McCormack Liable for Defamation on All Counts

Written by:
Aaron Goldstein
Published on:

Crypto podcaster Peter McCormack was found to be liable for defamation over his social media campaign claiming that Dr. Craig Wright’s claim to the Satoshi Nakamoto name is fraudulent.  Wright was found to have played a role in the creation of Bitcoin by a Miami jury late last year.

The judge also found that McCormack’s defamatory tweets had caused serious harm to Wright's reputation in the United Kingdom.

In the end, McCormack appeared to back away from defending his earlier tweets as being true.

But McCormack is only liable to pay a nominal amount of £1 in damages toward Dr. Wright, though he has already been ordered to pay more than £100,000 worth of costs.  The judge was uncertain as to whether McCormack's tweets resulted in Wright being disinvited from various conferences.

An arduous appeals process was still possible.

- Aaron Goldstein,

Business/Financial News

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