Tether Supports Peter McCormack’s Defense Against Craig Wright
Adrian Zmudzinski's original article for cointelegraph.com reduced by 54%
Leading stablecoin operator Tether has announced it will support crypto podcaster Peter McCormack in a lawsuit against self-proclaimed Bitcoin creator Craig Wright. General counsel for Tether and cryptocurrency exchange Bitfinex, Stuart Hoegner, revealed on Nov. 8 that Tether also rejects Wright's claims of being Satoshi Nakamoto.
"Wright has had myriad opportunities to prove that he is Satoshi and has not definitively done so." As Cointelegraph reported in April, Bitcoin SV proponent Craig Wright filed a libel claim against McCormack over him accusing Wright of fraud and falsely claiming to be Satoshi Nakamoto, the creator of Bitcoin. Hoegner says that Tether "Stands behind" McCormack in his defense against Wright. Wright is also involved in other legal disputes albeit as defendant in another legal case filed by former business partner David Kleinman.
As Cointelegraph reported, court documents filed on Nov. 1 revealed that Wright could not finance a 500,000 BTC settlement in the case.
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