According to Odaily, the United Kingdom has issued a global freezing order against Craig Wright, demanding him to pay £1.548 million. This payment is intended to cover the legal fees of Peter McCormack, who was sued for defamation by Wright in 2019. The court's decision is a significant development in the ongoing legal battle between Wright and McCormack.
The global freezing order is a powerful tool used by courts to prevent a defendant from disposing of their assets before a judgment is made. In this case, the order is aimed at ensuring that Wright has sufficient funds to cover McCormack's legal fees if he loses the case.
This legal dispute began in 2019 when Wright, a controversial figure in the cryptocurrency world, sued McCormack for defamation. McCormack, a well-known cryptocurrency podcaster, had publicly challenged Wright's claim to be the mysterious creator of Bitcoin, known as Satoshi Nakamoto. The case has been closely watched by the global cryptocurrency community, given the high stakes and the controversial nature of Wright's claims.