Leading cryptocurrency exchange, Bitfinex revealed in the hours leading up to press time that it would offer the necessary legal support that Bitcoin enthusiast, Peter McCommarck, needs to contend an ongoing litigation lawsuit filed against him by self-proclaimed Bitcoin creator, Craig Wright.
As Coinfomania reported following the initial filing, Craig Wright charged Peter McCommarck, Vitalik Buterin, and other Bitcoin vocalists on Twitter for libel, alleging, among other things that the men defamed his status by labeling him a fraud using the hashtag, #CraigWrightIsAFraud.
While Craig Wright has so far failed to follow through with charges on his other legal opponents, it appears he is bent on claiming victory over McCommarck, perhaps under the guise that the latter may not have the financial and legal resources to contend the lawsuit.
However, parity has seemingly been restored to the case with Mc Commack, now having the moral support from the Bitcoin community, a fund reserve raised in the aftermath of the initial filing, and now legal support from Bitfinex.
Stuart Hoegner, general counsel (GC) for Bitfinex, revealed their support on Nov 8, in a series of tweets highlighting, among other things, how Craig Wright has failed to prove despite ‘myriads of opportunities’ that he is Satoshi Nakamoto, the inventor of Bitcoin.
Hoegner then added:
We are therefore pleased to stand behind @PeterMcCormack in his defence of litigation brought by Wright before the High Court in the United Kingdom. Peter has been sued for libel. 2/3
— Stuart Hoegner (@bitcoinlawyer) November 8, 2019
Moving further, the Bitfinex general counsel outlined that their support will be for the ‘long game’ since litigation can be drawn-out and expensive, despite the charges by Craig Wright only allegedly being “frivolous and vexatious.”
Apparently, news of Bitfinex backing for McCommarck may have come at the wrong time for Craig Wright, who is understandably caught up in another legal battle where his claims to be Satoshi resulted in the court ordering him to pay roughly $5 billion to the Kleiman estate.