Fun

Craig Wright Ends Lawsuit Against Adam Back – Pays Thousands in Legal Fees

News Feed - 2020-04-14 05:04:22

Craig Wright Ends Lawsuit Against Adam Back - Pays Thousands in Legal Fees


According to various reports, the self-proclaimed Bitcoin inventor, Craig Wright has dropped his libel lawsuit against Blockstream CEO, Adam Back. Wright was forced to pay all of Back’s legal fees to the tune of £6,666 ($8,400). The news follows, Wright losing his UK court battle with Bitcoin.com’s Roger Ver after the England and Wales judge said the court wasn’t the “most appropriate place” to bring such complaints.


Also read: Ross Ulbricht’s 9th Price Analysis Predicts Bitcoin Prices Below $3,000Craig Wright Pays More Legal Fees


Craig Wright has been forced by a number of courts to pay legal fees during the last 12 months. Last year, Wright filed a lawsuit against Roger Ver, but the UK judge striked the libel lawsuit down and made Wright pay all of Ver’s legal fees. In the Kleiman v. Wright lawsuit, Wright was ordered to pay $165,000 in attorney fees in an order that took place on March 17. Wright also allegedly had a libel lawsuit against Ethereum’s Vitalik Buterin, podcast host Peter McCormack, and an anonymous Twitter user named Hodlonaut. On April 11, various reports noted that Wright had lost his case against Blockstream’s Adam Back and was forced to pay £6,666 ($8,400) in legal fees.The self-proclaimed Bitcoin inventor, Craig Wright (left) and Blockstream CEO, Adam Back (right).


When the community got wind of the decision, podcaster Peter McCormack tweeted “Me next” hoping he would get the same outcome. In the case against Ver, the UK judge said that Wright had “failed to demonstrate that, judged in terms of harm to reputation.” “In reality, the Defendant addressed his remarks to the global Bitcoin community, not any sector of it exclusively in the UK. It is true that the claimant has been resident in the UK since 2015, but has little to do with the issue of targeting,” the Judge in that case detailed on July 31, 2019.Other Defendants Battling Wright in Court Hope for the Same Outcome


About a year ago, Craig Wright’s business partner Calvin Ayre tweeted that he and Wright were “polishing muskets” in order to fight a few legal battles against online trolls. Ayre also mentioned in the same tweet that “Craig is Satoshi” in a hashtag. At the time, software developer Jameson Lopp responded to Ayre’s tweet and said: “Craig has been pleading his case that he is Satoshi for four years but has lost every appeal. There is no judge in the world with the authority to reverse the decisions made by the Court of Public Opinion.”Wright has lost against Roger Ver and dropped the lawsuit against Back as well. Many people wonder if the trend will continue for people like podcast host Peter McCormack.


It is still uncertain what will happen with the cases against people like Buterin, and McCormack, but the trend doesn’t seem to be favoring Wright’s arguments. Wright has also responded to the Kleiman case as well on April 8 in a filing that objects to the magistrate order on discovery. Wright’s lawyers Amanda McGovern and Rivero Mestre LLP, claim the judge’s recent order is “clearly erroneous and contrary to law.”


“The court should reverse and vacate the order,” Wright’s law firm stressed.


What do you think about Craig Wright being forced to pay Adam Back’s legal fees? Let us know in the comments below.China"s Research Institute Updates Crypto Ranking — Review Affected by PandemicNEWS | 18 hours ago


China"s Center for Information and Industry Development has published its latest crypto project rankings as the country continues to battle… read more.Charges of Fraudulent Pretense: US Court Unseals Onecoin Cofounder"s IndictmentNEWS | 24 hours ago


Manhattan prosecutors from the New York Southern District Court (NYSD) have unsealed indictment charges against Onecoin cofounder Sebastian Greenwood. The… read more.Tags in this storyAdam Back, attorney fees, Bitcoin, Blockchain, Blockstream CEO, Craig Wright, crypto community, Crypto Pundits, Cryptocurrency, Hodlonaut, Kleiman v. Wright Case, Legal Fees, libel, Peter McCormack, Podcaster, Roger Ver, Satoshi Nakamoto, Self-proclaimed, Self-Styled, slander, UK Judge, Vitalik Buterin


Image Credits: Shutterstock, Pixabay, Wiki CommonsPurchase Bitcoin without visiting a cryptocurrency exchange. Buy BTC and BCH here.Disclaimer: This article is for informational purposes only. It is not an offer or solicitation of an offer to buy or sell, or a recommendation, endorsement, or sponsorship of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.Read disclaimer Show comments Please enable JavaScript to view the comments powered by Disqus.

News Feed

Bitcoin price hits $70K all-time high as US jobs data squashes US dollar
William Suberg8 hours agoBitcoin price hits $70K all-time high as US jobs data squashes US dollarBitcoin bulls reassess cycle dynamics as BTC price finally cracks the key $70,000 line.11731 Total views46 Total sharesList
Crypto market tumble seen as quick shakeout, traders expect ‘bullish’ rebound
Ciaran LyonsJun 08, 2024Crypto market tumble seen as quick shakeout, traders expect ‘bullish’ reboundCryptocurrency traders believe that the recent market downturn is just a “shakeout” and there is a “bullish c
Polymarket odds of RFK Jr dropping out soar before Aug. 23 address
Turner Wright4 hours agoPolymarket odds of RFK Jr dropping out soar before Aug. 23 addressIt’s unclear if the Independent presidential candidate will join forces with Donald Trump, but both are scheduled to speak in th
Over 200 Jurisdictions Agree on Timely Implementation of FATF Crypto Standards
Over 200 Jurisdictions Agree on Timely Implementation of FATF Crypto Standards The Financial Action Task Force (FATF) says delegates from over 200 jurisdictions have agreed on R
Derek Andersen5 hours agoHouse Financial Services Comm. witnesses air multiple anti-CBDC argumentsThe digital assets subcommittee heard from five witnesses on a U.S. CBDC, most of whom had little good to say about it.964
Prashant Jha3 hours agoCentralized exchanges will become gateways for DeFi: Finance RedefinedThe top 100 DeFi tokens had a mixed week, with most of the tokens continuing to trade in a similar range as the previous week.1
Cointelegraph Innovation Circle8 hours ago8 ways crypto mining companies can effectively embrace ESG practices Smart ESG practices can help crypto mining companies be more responsible members of the global community and
Nigerian Central Bank Says It Will Release New Banknotes in December — Naira Falls to New Low
Nigerian Central Bank Says It Will Release New Banknotes in December — Naira Falls to New Low Starting December 15, Nigerians will be using newly-designed 100, 200, 500 and 1,000
Evaluating Whitney Tilson’s Top 3 Cannabis Stock Picks
Whitney Tilson is high on three cannabis stocks. Unlike most pot startups, these companies have interesting models - and two even make money. | Source: Forbes/YouTube (i), Shutterstock (ii). Image Edited by CCN.
Public miners raised $2.2B as cash flow crunch intensifies post-halving
Ana Paula Pereira2 hours agoPublic miners raised $2.2B as cash flow crunch intensifies post-halvingA total of nine out of 13 US-listed Bitcoin mining companies raised capital through stock offers in the second quarter of
Memecoins helps Solana flip Ethereum, ETH price drop raises fears: Finance Redefined
Prashant Jha4 hours agoMemecoins helps Solana flip Ethereum, ETH price drop raises fears: Finance RedefinedThe memecoin frenzy helps Solana overtake Ethereum in DEX activity, and over $200 million of positions could be l
Rakesh Upadhyay2 hours agoPrice analysis 8/16: BTC, ETH, BNB, XRP, DOGE, ADA, SOL, MATIC, LTC, DOTMarkets continue to slump, giving advantage to the bears and hinting at a trend change to the downside.1179 Total views4 T