In the final trial between Bitcoin proponent Peter McCormack and computer scientist Craig Steven Wright (CSW), UK High Court Judge Martin Chamberlain ruled that the former should pay a fine of $1.1 million.
According to the court document, McCormack failed to prove that he was telling the truth when he labeled Wright a fraud. However, Judge Chamberlain said that the legal proceedings have not established that Wright is Satoshi.
- The scientist then contested that McCormack should pay the majority of the costs for legal proceedings but finally agreed to the settlement mentioned above.
- The judge did not grant Wright’s request for an injunction against McCormack repeating these claims. His permission to appeal the decision was also refused.
- Shedding light on the final judgment in the case, McCormack tweeted,
“The final judgment in my case against CSW has been handed down. It is not a very good judgment for Craig but ultimately a very expensive one for me. The stress of the last four years can’t be understated, it has had a significant impact on me and my family.”
- The development comes four months after Wright was awarded £1 in damages against McCormack. The former was found to have put forward “false evidence.”
- The legal battle stemmed from a 2019 discussion broadcasted on YouTube which shows McCormack calling Wright a liar and a fraud and dismissing his claims of being Satoshi.
- The BSV creator, on the other hand, reciprocated with a lawsuit claiming that such publications were defamatory and caused him financial damage after his invitation to speak at various events and conferences was withdrawn.