Bitcoin SV, the altcoin that emerged from Bitcoin Cash’s November hard fork, is currently facing widespread removals on multiple exchanges. Over the past few days, Binance, Kraken, and Shapeshift have decided to delist BSV. Other exchanges may follow suit, meaning that the crypto world could be in for a long-lasting controversy.
Why BSV Was Delisted
It is not uncommon for exchanges to delist coins, but Bitcoin SV is uniquely controversial. At the heart of the matter is BSV leader Craig Wright, who claims to be Satoshi Nakamoto, the anonymous creator of Bitcoin. Wright has threatened a libel suit against Hodlonaut, a prominent crypto personality who, along with many others, claims Wright is not Nakamoto.
Changpeng Zhao of Binance has now denounced Wright for threatening lawsuits against the community. Last Thursday, Zhao threatened to delist BSV from his exchange, and Binance officially announced the removal on Monday. Erik Vorhees of Shapeshift has also expressed his intent to remove BSV. Kraken has additionally stated that…