Craig Wright claims to have invented bitcoin, and he’s suing a podcaster who alleges otherwise.
Wright’s lawsuit now faces a challenge from the creator of the fourth-largest cryptocurrency.
Bitcoin’s most thrilling scandal continues to grow more and more exciting.
As if the Craig Wright saga couldn’t grow any more mesmerizing, the most controversial person in the bitcoin industry now finds himself squaring off against the most controversial company in crypto.
Tether, the issuer of $4.1 billion cryptocurrency USDT, announced that it would stand behind podcaster Peter McCormack in a lawsuit brought by Wright, who claims to be Satoshi Nakamoto.
Tether Pledges to Help Defend McCormack
Stuart Hoegner, Tether’s general counsel, said on Twitter that Wright had ample opportunities to prove he is Satoshi Nakamoto. Enough, he said, is enough.
Wright has had myriad opportunities to prove that he is Satoshi and has not definitively done so.
Due to Wright’s inability to prove his claims, Hoegner stated that Tether would “stand behind” McCormack in his “defense of litigation” in the United Kingdom.
Hoegner declined to comment further on the case, but he tweeted that the company would fully support McCormack’s defense on the “frivolous and vexatious litigation.”
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.