The ever controversial Craig Wright is now again finding himself in the spotlight. After the past week’s highly publicized string of Bitcoin SV delistings from prominent cryptocurrency exchanges, Wrights is now becoming embroiled in legal proceedings with cryptocurrency podcaster Peter McCormack
This comes as Bitcoin SV has recently been delisted by major exchanges
Toshi Times has previously covered how Bitcoin SV, which Wright is a vocal proponent of, recently became delisted from a series of cryptocurrency exchange platforms as a part of the #delistBSV movement.
The primary reason as to why #delistBSV suddenly gained momentum was largely attributed to investors and cryptocurrency-related developers growing weary of Craig Wright’s antics, as Wright began to threaten critics with legal action.
However, it would seem that the #delistBSV movement has done little to deter Wright’s taste for legal action against private individuals, as the cryptocurrency podcaster Peter McCormack has now revealed.
Specifically, McCormack recently tweeted a photo of a legal notice sent on behalf of Wright.
Moreover, McCormack alleged that this stemmed from the fact that he has previously accused Wright of fraud, due to Wright’s repeated comments claiming to be Satoshi Nakamoto, the entity behind the creation of Bitcoin.
Wright is seeking over $130,000 in damages
Now Wright is seeking more than $130,000 in damages, as well as legal costs and court fees in his legal action against McCormack.
Furthermore, the cryptocurrency news outlet CoinGeek reports that Wright’s claim intends to ”prevent McCormack from making further fraudulent claims that Wright is not the individual behind the Satoshi Nakamoto pseudonym.”
Wright’s legal action goes on to suggest that McCormack’s statements calling Wright a fraud are, in fact, not aimed at him personally. Rather, he is claiming that these statements are intended to cause damage to Bitcoin SV – which has already suffered a number of major setbacks in relation to the past week’s delistings.
Furthermore, the report states:
“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.”
It remains to be seen what, if any, effects this most recent instance of legal action will prompt. Seeing as many cryptocurrency exchanges have already delisted Bitcoin SV, it is unclear whether this recent development will be enough to tip the scales on delisting holdouts, or whether it will merely be regarded as more of the same.
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Rasmus Pihl is a writer for Toshi Times by day and an avid follower of the cryptocurrency industry by night. Rasmus holds a Bachelor’s Degree in Marketing from the Gothenburg School of Business, Economics, and Law and runs a Swedish marketing consulting firm. Moreover, when he isn’t writing for Toshi Times, traveling, working or changing the world in some other capacity, Rasmus is more than likely caught up in postgraduate studies.