One of the largest crypto exchanges in the world, Binance, has delisted Bitcoin SV (BSV), it announced earlier today. The move comes after a week of controversy surrounding the cryptocurrency’s founder Craig Wright.
Earlier today, the world’s largest crypto exchange by market volume announced it will be delisting all BSV trading pairs on April 22nd. It will continue to support BSV withdrawals, however, until July 22nd.
Binance CEO, Changpeng Zhao (CZ), first threatened the move last week. It came after Wright attacked several Twitter users who said he is not the person behind the pseudonym Satoshi Nakamoto.
Wright has claimed for many years that he is Nakamoto; however, his claim has been challenged many times over and is widely disputed.
For those who don’t know, Satoshi Nakamoto is considered the creator of Bitcoin. However, exactly who this person or persons is/are remains a mystery. Over the years, several prominent names have been suggested including Elon Musk—who denied the claim.
In recent weeks, Wright has been attacking Twitter users. Amongst these is hodlonaut—the creator of the Lightning Network ‘Torch’. Specifically, Wright placed a bounty on hodlonaut’s identity after he claimed that Wright is not Satoshi.
Binance’s announcement earlier today said that the exchange “periodically review[s] each digital asset we list to ensure that it continues to meet the high level of standard we expect.”
Standards include a team committed to the project, developmental activity, network and smart contract stability, and public communication, among other things.
While the exchange alludes that delisting Bitcoin SV is a responsive decision for not meeting Binance’s standards, it is believed that this is only partially the reason. Many assume the coin is being delisted mainly due to Wright’s Twitter attacks.
Following the news, CZ has cemented the latter belief with a series of Tweets in which he refers to Wright as “a fraud.”
Hodlonaut has not been the only victim of Wright’s wrath. The latter has sent legal cease-and-desist letters to other individuals such as Peter McCormack for saying that he is not Satoshi.
Bitcoin SV: Price Plunges
The news has rocked BSV price, which has plunged only hours after the announcement was made. The coin has already shed almost $100 million from its market, with the price below $65 now, down from over $70 earlier today.
Whoever said the cryptocurrency sphere wasn’t a drama-fest?
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