Tether supports podcast presenter McCormack in his lawsuit against Wright.

Stuart Hugner, general counsel for Tether and the Bitfinex cryptocurrency exchange, has denied allegations that the stablecoin company has abandoned podcast presenter Peter McCormack in his lawsuit against Craig Wright, Australian citizen claiming to be Satoshi Nakamoto.

In a tweet on October 24th from Hogner, the General Counsel described a recent article from CoinGeek that stated that Tether had withdrawn funding from McCormack In his legal battle against Wright it was a lie. CoinGeek is owned by Calvin Ayer, a major supporter of Wright who supports his claim that Wright is the creator of Bitcoin (BTC).

where Hogan said that Tether supports Peter McCormack and believes he is right.

In April 2019, Wright filed a defamation suit against McCormack in the United Kingdom accusing the Australian of fraud and falsely claiming to be Satoshi. Hogner stated at the time that Tether would stand behind what the Bitcoin podcast presenter did in his defense against Wright, which hinted at financial support.

However, in response to Hogan's denial, Ayer did not back off.

Where Ayer said on Twitter: I have received a copy of Peter's attorney's letter that he wants a settlement due to his funding cutoff. Tether said she's the one who finances it, so that means Tether is cutting the funding. And if Tether is still funding, that makes no sense.

and went on to promote Bitcoin SV (BSV), which Air and Wright are supporters of: My conclusion is that Tether executives already know Craig is Satoshi and these are all just a great game to track down private cheats. It would be a smart move for them to move Tether to Bitcoin SV and forgo Bitcoin.

Wright has filed several defamation cases against potential competitors in the cryptocurrency industry. In August, he filed a defamation lawsuit against Roger Ver, a Bitcoin Cash (BCH) supporter, in the Supreme Court of Antigua and Barbuda.

This came in the wake of the England Supreme Court rejecting a similar case that Wright filed against Veer in 2019. However, in April, he also abandoned a $ 125,000 defamation lawsuit against the CEO of Blockstream, Adam Buck, and agreed to pay the legal fees.