Tether just confirmed that it supports crypto podcaster Peter McCormack in a lawsuit brought against Craig Wright, the self-proclaimed Bitcoin (BTC) creator. Peter McCormack receives Tether’s support in lawsuit against Craig Wright.
Stuart Hoegner, the General Counsel for Tether and cryptocurrency exchange Bitfinex, on November 8, 2019, confirmed that Tether outrightly refuses to accept the claims made by Craig Wright of being Satoshi Nakamoto. He went on to elaborate:
“Wright has had myriad opportunities to prove that he is Satoshi and has not definitively done so.”
Hoegner stated that Tether fully supports McCormack in his lawsuit against Wright. Additionally saying that the support extended to McCormack is not just through words; however, Hoegner did not elaborate on the kind of support McCormack would receive from Tether:
“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.”
As published in April’s news report, Craig Wright, a Bitcoin SV (BSV) exponent, filed a defamation case against McCormack. This is for calling Wright a fraud and wrongly staking the claim of being Satoshi Nakamoto, the Bitcoin creator.
Immediately after Wright’s legal team filed the lawsuit, Binance, along with Kraken, and Shapeshift delisted BSV from their exchanges. Tether becomes the latest in refuting Wright’s claims.
Wright is also fighting a lawsuit as a defendant, which was filed by his former business partner David Kleinman. Moreover, as per the court documents, Wright was not in a position to provide 500,000 BTC (approximately $4.4 billion) for settlement in the said case.