• Coins 2,302
  • Markets 14,031
  • Market Cap 239,054,475,397
  • 24h CMC -6,981,160,142.01
  • 24h Vol 33,625,042,133
  • Dominance BTC 58.12 % | ETH 10.84 % | XRP 6.69 % | 

Self-Proclaimed Bitcoin Creator Craig Wright Sues Peter McCormack for Alleged Libel


The self-proclaimed bitcoin creator, Bitcoin SV [BSV] proponent and NChain chief scientist Craig Wright has filed a libel claim against cryptocurrency podcaster Peter McCormack in the United Kingdom. McCormack posted a photo of the legal notice on April 18 on his official Twitter handle.
According to the reports, the claim outlines that McCormack accused Wright of fraud and falsely claiming to be Satoshi Nakamoto, the creator of Bitcoin (BTC). According to BSV-focused crypto media sources, the claim target to restrict McCormack from making more fraudulent claims that Wright is the person behind the Satoshi Nakamoto pseudonym.
In addition, Craig Wright also seeks £100,000 [over $130,000] including legal costs, court fees and for the losses. Reports suggest that Wright’s legal advisors personally served a notification to the accused on Thursday and plans to file the claim next week. He also highlights that he expects the protests against him are actually meant to hurt Bitcoin Satoshi Vision instead.
The report notes, “Wright maintains that BSV is the real target due to its capacity for massive on-chain scaling, which represents an existential threat to the future of other cryptocurrencies, the flawed design of which prevents them from scaling to meet the needs of a truly global financial platform.”
Earlier in April CoinMarketFeed reported, CEO and Founder of largest cryptocurrency exchange Binance, Changpeng Zhao warned that he will delist Bitcoin Satoshi Vision (BSV) if the founder of the altcoin Craig Wright fails to change his behavior in a tweet published on April 11 on his Twitter handle.
The crypto community expressed their support to CZ’s warning by encouraging other exchanges to delist BSV and they even circulated tweets with a #DelistBSV hashtag.
Recently CoinMarketFeed reported another major crypto exchange Kraken is delisting Bitcoin SV (BSV) amid an ongoing social media fight between alleged cryptocurrency’s creator Craig Wright and the popular names of the crypto space.
San Francisco headquartered Kraken revealed on Tuesday that it will delist Bitcoin SV and no longer support BSV, quoting community sentiment the ongoing lawsuit against the exchange by the legal advisors of the coin. According to the announcement the cryptocurrency exchange will disable BSV deposits on April 22. In addition the trading will be ceased on all trading pairs from April 29 and withdrawals will stop from May 31.