DR WRIGHT SUCCEEDS IN LIBEL ACTION AGAINST PODCASTER MCCORMACK

LONDON, Aug. 2, 2022 /PRNewswire/ -- ONTIER LLP client, Dr Craig Wright, the inventor of Bitcoin - the world's first functioning and successful electronic cash system - welcomes today's judgment in so far as it finds that McCormack has defamed Dr Wright and caused serious harm to his reputation in all of his tweets and YouTube interview in issue.

Dr Wright sued in libel over 14 Tweets published by Mr McCormack and words spoken by him in a YouTube video between March and October 2019. Dr Wright claimed that the publications alleged that he fraudulently claimed to be Satoshi Nakamoto, the pseudonymous inventor of Bitcoin.

In finding that each of the publications complained of were likely to have caused serious harm to Dr Wright's reputation, the Judge found that "the fact that [Mr McCormack] was willing to state his views so brazenly in response to threats of libel proceedings is likely to have made those who read [the publications] more, not less, likely to believe them."

Mr McCormack had initially sought to defend the action on the grounds of truth, public interest and abuse of process; however, he abandoned those positive defences shortly after the parties exchanged disclosure in September 2020.

Dr Wright says:

"I have endured, and for the large part ignored, extreme and offensive online trolling for many years. But there comes a point at which the orchestrated trolling has to be confronted. It has a severe impact on me and my life's work. Where requests to cease and desist are ignored or rebuffed, I have little choice but to seek legal redress."

"The defendant abandoned the defence of positive truth months ago – in other words he accepted his words were untrue - and chose to defend only on whether his Tweets caused me serious harm or not. McCormack was wrong when he said I am not Satoshi Nakamoto. His Tweets caused me harm both personally and professionally."

"As anticipated, bit by bit the independent courts across various jurisdictions, including those with juries with the benefit of an examination of all the evidence, are concluding I am who I have admitted I am, since I was outed as Satoshi by media in 2015. However too little regard is paid to the impact my Aspergers has in my communications. I intend to appeal the adverse findings of the judgment in which my evidence was clearly misunderstood."

"I will continue legal challenges until these baseless and harmful attacks designed to belittle my reputation stop. This is not for financial reward, but for the principle and to get others to think twice before seeking to impugn my reputation." 

Simon Cohen of ONTIER LLP says:

"The defamation laws in England are increasingly challenging for claimants but Dr Wright has successfully exposed the damage Mr McCormack's deliberate campaign has caused to Dr Wright's reputation. Social media provides no hiding place for libellous comment and nor should it. In fact, we have demonstrated in this trial that its use often exacerbates the harm, given its capacity for the swift and exponential spreading of a false narrative which can fly around the world in seconds leaving the truth far behind. We are pleased that this has been recognised by the court today, but are reviewing the judgment carefully with a view to appealing the interpretation of Dr Wright's evidence."

Trial judge: Mr. Justice Chamberlain

Legal Advisors: Dr Wright was represented by Derek Stinson, Simon Cohen, Sara Saleh and Joe Woodward of ONTIER LLP, Adam Wolanski QC, Greg Callus and Lily Walker-Parr of 5RB Chambers.

Notes to Editors

The trial to determine serious harm was heard over 3 days (23-25 May 2022) at the High Court in London.

The judgment is the latest outcome in a series of legal claims issued by ONTIER LLP, on behalf of Dr Wright and his associated entities, to uphold his right to protect his lawfully-held digital assets, his reputation as the creator of Bitcoin and his associated intellectual property: 

• In 2021 ONTIER successfully brought a copyright claim against the anonymous digital currency enthusiast operating under the pseudonym "Cøbra".
• ONTIER has recently defeated a strike-out attempt by digital currency enthusiast, Magnus Granath, following Dr Wright's defamation action, the trial of which will heard by the High Court in late 2023.
• Last year ONTIER also launched a landmark claim against the developers of BTC, BCH, BCH ABC and BSV to restore control to addresses containing Bitcoin and other digital assets. The defendants' jurisdictional challenge to this claim is currently being appealed by the claimant, Tulip Trading Ltd.
• ONTIER is advising companies connected with Dr Wright in their passing off claims against exchanges Kraken and Coinbase, filed in the High Court earlier this year.
• Dr Wright is also advised by ONTIER on his defence to the Crypto Open Patent Alliance's (COPA) challenge to Dr Wright's authorship of the Bitcoin White Paper, which will be heard in 2024.