Why Binance Delisted BSV And Other Exchange Following The Same Suit?

CZ-to-Craig-Wright

Why Binance Delisted BSV And Other Exchange Following The Same Suit?

Craig White, the man behind Bitcoin SV, has always claimed to be the founder of Bitcoin, Satoshi Nakamoto. But none in the crypto world have ever believed him and he has always faced a backlash. But this time things have got a bit serious and not just him but his project, the Bitcoin SV, is also facing the heat. While the coin has already been delisted from Binance, other exchanges to are gearing up to delist the coin.

Binance and Shapeshift delist BSV. Will Kraken be the next?

Craig Wright, the man behind Bitcoin SV, has for the last several years claimed that he is the person who invented the Bitcoin and is the person behind the pseudonym Satoshi Nakamoto, but his evidence for this claim has been widely disputed. This time too was no different as Wright attacked Twitter user hodlonaut (who started the Lightning Network “torch“) and other individuals with his claims of being the Nakamoto. He in fact when a step ahead asking his lawyers to send defamation notices to people who did not believe him to be Nakamoto

Specifically, Wright placed a bounty on hodlonaut’s identity after the latter claimed Wright is not Satoshi. Considering these attacks by Wright and his “fraudulent” claims  CZ said Binance would delist BSV if Wright continued these attacks. In a series of follow-up tweets, CZ said “Craig Wright is a fraud,” that “the real Satoshi can digitally sign any message to prove it,” and that doing so would be simple.

Following his own words and sentiments, Binance decided to delist BSV as CZ felt it was necessary to teach Wright a lesson. Although the official announcement listed the various reason for this delisting which includes Commitment of team to project, Level and quality of development activity and Network / smart contract stability, a lot of was connected towards Wright’ claim to be Satoshi.

While none agreed with Craig Wright, a lot of people and exchanges started supporting CZ for his bold move of delisting. Erik Voorhes, the CEO of ShapeShift, mentioned that he withstood with Binance and CZ sentiment and would be delisting it as well.

Another prominent exchange, Kraken, ran a poll on twitter which also gave a result the BSV was toxic and Kraken too should delist it. The official announcement from Kraken is yet to arrive but the poll dominance would definitely get BSV of Kraken as well.

Craig Wright claims of being Satoshi this time has definitely backfired and is going to hurt Bitcoin SV big this time. The coin is already slipping in price and with exchanges delisting BSV the investors would definitely be dumping in panic.

Which is the next exchange that will delist Bitcoin SV? Do let us know your view on the same.

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Why Binance Delisted BSV And Other Exchange Following The Same Suit?
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Why Binance Delisted BSV And Other Exchange Following The Same Suit?
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Craig White, the man behind Bitcoin SV, has always claimed to be founder of Bitcoin, Satoshi Nakamoto. But none in the crypto world have ever believed him and he has always faced a backlash. But this time things have got a bit serious and not just him but his project ,the Bitcoin SV, is also facing the heat. While the coin has already been delisted from Binance, other exchanges too are gearing up to delist the coin.
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Nilesh Maurya 649 Articles

Nilesh Maurya has been associated for past 8 years as an Investment Banker with Omega Capital, a bespoke Investment Banking outfit having offices in Mumbai, New York, Singapore, and Dubai. He has been a regular contributor to business publications such as Business India and Market Express and has been a mentor to many start-up companies. Reach out to him at Nilesh Maurya has been associated for past 8 years as an Investment Banker with Omega Capital, a bespoke Investment Banking outfit having offices in Mumbai, New York, Singapore, and Dubai. He has been a regular contributor to business publications such as Business India and Market Express and has been a mentor to many start-up companies. Reach out to him at [email protected]

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