Craig Wright Wins 'Only Nominal Damages' of One Pound In Bitcoin Libel Case

An anonymous reader quotes a report from The Guardian: For years Craig Wright has claimed that he is the mythical figure who created bitcoin. But a legal bid by the Australian computer scientist to defend his assertion that he is Satoshi Nakamoto resulted in a pyrrhic victory and a tarnished reputation on Monday. A high court judge ruled (PDF) Wright had given 'deliberately false evidence' in a libel case and awarded him one pound in damages after he sued a blogger for alleging that his claim to be the elusive Nakamoto was fraudulent. 'Because he [Wright] advanced a deliberately false case and put forward deliberately false evidence until days before trial, he will recover only nominal damages,' wrote Justice Chamberlain.

Wright had sued blogger Peter McCormack over a series of tweets in 2019, and a video discussion broadcast on YouTube, in which McCormack said Wright was a 'fraud' and is not Satoshi. The issue of Nakamoto's identity was not covered by the judge's ruling because McCormack had earlier abandoned a defense of truth in his case. Wright claimed that his reputation within the cryptocurrency industry had been 'seriously harmed' by McCormack's claims. He said he had been invited to speak at numerous conferences after the successful submission of academic papers for blind peer review, but 10 invites had been withdrawn following McCormack's tweets. This included alleged potential appearances at events in France, Vietnam, the US, Canada and Portugal.

But McCormack submitted evidence from academics challenging Wright's claims, which were then dropped from his case at the trial in May. Wright later accepted that some of his evidence was 'wrong' but said that this was 'inadvertent,' Chamberlain said in his judgment. The judge noted that there was 'no documentary evidence' that Wright had a paper accepted at any of the conferences identified in the earlier version of his libel claim, nor that he received an invitation to speak at them except possibly at one, and that any invitation was withdrawn. Wright's explanation for abandoning this part of his case because the alleged damage to his reputation from the 'disinvitations' was outside England and Wales 'does not withstand scrutiny,' the judge added. He concluded: 'Dr Wright's original case on serious harm, and the evidence supporting it, both of which were maintained until days before trial, were deliberately false.' [T]he judge said that Wright's pre-trial case over the serious harm to his reputation made it 'unconscionable' that he should receive 'any more than nominal damages.' In statement Wright said: '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.'

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