Dr. Craig Wright appears to have claimed victory in his legal battle with podcaster Peter McCormack. The latter has seemingly abandoned his defence in a lawsuit over whether or not Dr. Wright is indeed Satoshi Nakamoto, creator of Bitcoin.

Our sister site CoinGeek reports the news comes from Dr. Wrights solicitors. “SCA ONTIER LLP, Dr Wright’s solicitors, have confirmed that Mr McCormack’s legal representatives have informed them of their client’s intention not to continue defending the libel proceedings, which proceedings will now continue to their natural conclusion.”

Dr. Wright had filed a libel claim against McCormack after the podcaster publicly accused the former of fraud. That attack was made in reference to Dr. Wright’s claim to have been the man behind the Satoshi Nakamoto pseudonym, and thus the man who wrote the Bitcoin White Paper and launched it in 2009. Dr. Wright started the libel suit with the hopes that a court case would conclusively prove his claim.

The case had not gone well for McCormack. In August, 2020, the court denied his request to delay discovery, and ordered he pay some of Wright’s court costs. Things got worse last week when Tether, who had been financially backing McCormack, stopped funding his case, perhaps leading to this latest development. It was speculated by CoinGeek that perhaps something Tether saw in the discovery phase of the case may have been their reason for backing out.