Binance Delists Bitcoin SV After ‘Fraud’ Controversy
Binance has just confirmed its plans to delist Bitcoin SV (BSV). Interestingly, the decision to do so arrived just after experience a week of controversy involving the crypto’s creator named Craig Wrigh. Here’s everything about it in a nutshell.
Official Date of BSV Delisting
The world’s largest exchange by reported volume revealed that it would soon delist all trading pairs concerning the aforementioned crypto. The official set date is reportedly on April 22. The date is said to be just days after the CEO of the company named Changpeng Zhao threatened to do so if Wright did not stop deploying attacks on users on Twitter. These users, in particular, are claiming that Wright is not really Satoshi Nakamoto, the pseudonymous creator behind the world’s leading digital currency called Bitcoin.
According to the announcement, Binance stated that they are periodically reviewing each crypto they list. This is done in order to make sure that a digital currency is capable of meeting high level standards that the firm sets.
For starters, there should be an apparent commitment of a team. Include to this the high level of quality of the development, as well as the stability concerning the network and the smart contract. Apart from these, Binance is also focused in making sure that a crypto has a great level of public communication, not to mention a very responsive trait when it comes to periodic due diligence requests.
Wright and His Attacks
The only catch, though, is that it is very likely for BSV to be deleted largely due to Wright’s infamous claims and attacks. A very significant attack, in particular, has something to do with user hodlonaut, the person behind the titular Lightning Network “torch.”
Basically, Wright decided to place a bounty on the aforementioned user’s identity, especially since the latter started claiming that Wright is not actually Satoshi. Binance’s CEO, however, stated that if Wright does not stop his attacks, he would immediately delist the crypto without any hesitation.
For the past few years, Wright has been vocal about the idea that he is indeed the creator of Bitcoin. While there are those who are sceptical, he does not really have the evidenced to prove these claims.
CZ even went to say that Wright is nothing but “a fraud.” And the only way to dispute his claims is if the real Satoshi himself decide to sign a message. The exchange is expected to continuing supporting BSV withdrawals but only until July 22.