The self-proclaimed Satoshi Nakamoto, Craig Wright, who is also the chief scientist at Nchain, has now abandoned a libel lawsuit against Adam Back. Craig sued after the Blockstream chief executive’s said that he was fake in alleging to be the creator of Bitcoin.
Wright filed that complaint together with similar lawsuits that targeted Bitcoin.com founder Roger Ver, Ethereum cofounder Vitalik Buterin, Twitter user ‘Hodlnaut,’ and podcaster Peter McCormack about a year ago.
On April 12, Adam Back tweeted that Craig Wright had dropped all charges. The Blockstream CEO said that Wright’s representation:
“declined to give any explanation of why Craig retracted”
Back also notes that Wright agreed to reimburse all legal fees that he paid. He described the move as strange since it is “reasonable costs” of between 65% and 75% is the legal standard. In general, he estimates that Wright paid up to $25,000.
After he agreed to dismiss that case, Back says that he got about $8,400 by wire the next business day. He added:
“On the plus side, I have to thank Craig for paying for a very informative 2hr+ briefing on latest UK libel law trends, and hilarious and detailed briefing on the case vs @PeterMcCormack from legal experts at RPC. (Who were barely stifling smirks at the craziness much of the time.”
In response to that ruling, McCormack tweeted: “Me next.”
Wright Reimburses Legal Costs in Full
The High Court of England and Wales in July 2019 dismissed the libel levelled against Roger Ver over lack of jurisdiction. In May 2019, Ver was served with the $125,000 lawsuit to which he responded in a video message saying: “Craig Wright is a liar and a fraud, so sue me, again.”
In January this year, the UK High Court also ruled that it has no jurisdiction over the suit against Hodlonaut. The court suggested that the case must proceed in Norway instead. Vitalik Buterin never responded to the letter sent by Wright in April 2019. Up to now, no update seems to have taken place about that case ever since.