{"id":97440,"date":"2020-10-26T01:44:57","date_gmt":"2020-10-25T22:44:57","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/tethers-general-counsel-doubles-down-on-support-for-peter-mccormack\/"},"modified":"2020-10-26T01:44:57","modified_gmt":"2020-10-25T22:44:57","slug":"tethers-general-counsel-doubles-down-on-support-for-peter-mccormack","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/tethers-general-counsel-doubles-down-on-support-for-peter-mccormack\/","title":{"rendered":"# Tether’s general counsel doubles down on support for Peter McCormack"},"content":{"rendered":"

“# Tether’s general<\/a> counsel doubles down on support for Peter McCormack <\/strong>”
\n<\/p>\n

Stuart Hoegner, general counsel for Tether and cryptocurrency exchange Bitfinex, is pushing back against claims the stablecoin operator has abandoned podcaster Peter McCormack in his lawsuit against Craig Wright, the Australian national claiming to be Satoshi Nakamoto.<\/p>\n

In an Oct. 24 tweet from Hoegner, the general counsel called<\/a> a recent article from crypto media<\/a> platform Coingeek which\u00a0stated<\/a>\u00a0Tether had pulled funding from McCormack in his legal battle against Wright \u201ca lie.\u201d Coingeek is owned by Calvin Ayre, a high-profile supporter of Wright who backs<\/a> his claims that Wright is the creator of Bitcoin (BTC).<\/p>\n

\u201cTether supports Peter McCormack and believes he’s in the right,\u201d said<\/a> Hoegner.<\/p>\n

In April 2019, Wright filed a libel claim against McCormack in the U.K. over McCormack accusing the Australian national of fraud and falsely claiming to be Satoshi. Hoegner said at the time that Tether would \u201cstand behind\u201d the What Bitcoin Did <\/em>podcaster in his defense against Wright, which hinted at financial support. <\/p>\n

However, in response to Hoegner\u2019s denial, Ayre is not backing down. <\/p>\n

\u201cI was forwarded a copy of the letter from Peter\u2019s lawyer saying he wants to settle because his funding was cut,\u201d said<\/a> Ayre on Twitter. \u201cTether said they were the ones funding him so this has to mean Tether cut funding. If Tether is still funding this makes no sense.\u201d<\/p>\n

He continued<\/a> by promoting Bitcoin SV (BSV), for which both Ayre and Wright are well known proponents:<\/p>\n

\u201cMy conclusion is that Tether executives know already that Craig is Satoshi and this is all just a big game<\/a> to keep their scams alive. The smart play would be to move Tether to BSV and abandon BTC.\u201d<\/p><\/blockquote>\n

Wright has filed several defamation suits against perceived rivals in the crypto industry. In August, he filed a libel suit against Bitcoin Cash (BCH) proponent Roger Ver in the High Court of Antigua and Barbuda. This followed The High Court of England dismissing a similar suit Wright filed against Ver in 2019. However, in April he also abandoned a $125,000 libel suit against Blockstream CEO Adam Back, agreeing to reimburse legal fees.<\/p>\n<\/div>\n