Craig Wright withdrew the lawsuit against Adam Beck and agreed to cover all legal costs Australian entrepreneur Craig Wright decided not to prosecute the CEO of blockstream Bitcoin infrastructure company Adam Beck.

Craig Wright withdrew lawsuit against Adam Beck and agreed to cover all legal costs

Australian entrepreneur Craig Wright decides to drop prosecution of Blockstream CEO Adam Back.

The lawsuit against Beck was filed on April 16, 2019. At the same time, Wright filed lawsuits against Ethereum co-founder Vitalik Buterin, Bitcoin.com founder Roger Vera, podcast author Peter McCormack and a pseudonymous member of the crypto community Hodlonaut. All of them accused Wright of fraud for crediting himself with the invention of bitcoin. The suits were filed in the UK, which has strict libel liability laws. Subsequently, the court rejected the claims against Vera and Hodlonaut, since they do not reside in the UK.

“Adam Beck received a letter from Craig today, so he too will have the opportunity to tell his story under oath in a British court,” wrote Coingeek founder and Wright supporter Calvin Eyre earlier. "He should be happy about this opportunity, as in recent weeks he has loudly expressed his opinion.".

Beck said that after receiving notification from Wright, he, like McCormack, hired London-based law firm RPC to advocate for his interests. Subsequently, lawyers informed him that there was no longer a need for defense, as Wright dropped his claims. The plaintiff's representatives refrained from comment.

“Craig agreed to reimburse 100% of my costs, which is unusual: as a rule, it counts as 'justified costs' (65-75%) and not 'compensation' (80%). The whole thing probably cost Wright over £ 20,000, ”Beck wrote. Under the terms of the agreement, he received £ 6,666 from Wright.

"I'm next, very good law firm," McCormack said.

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