Binance delists Bitcoin SV, price drops by 9%

Binance CEO Changpeng “CZ” Zhao has now followed through with his threat and delisted the cryptocurrency Bitcoin SV from Binance – one of the major exchanges for cryptocurrency. As a result, the price of Bitcoin SV rapidly dropped 9% and it remains to be seen what will happen with the price in the coming few days.

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Binance

Before the delisting, Binance was the third-largest market for Bitcoin SV in the BCHSV/USDT trading pair.

Why is Binance delisting Bitcoin SV?

For some time, anomosity has been building between Changpeng Zhao and Craig Wright, the controversial creator of the cryptocurrency Bitcoin SV – a Bitcoin offshoot.

Not only have Craig Wright made numerous claims to be man behind the pseudonym Satoshi Nakamoto, the mysterious creator of Bitcoin and the Bitcoin blockchain, but he has also launched a campaign where he is dishing out lawsuits against those who publicly say that he isn’t Satoshi Nakamoto – despite never being able to prove publicly that he is in fact the person behind the pseudonym.

Naturally, this type of behaviour has put Craig Wrigth at odds with not just Changpeng Zhao but many others within the cryptocurrency community.

Changpen Zhao has accused Craig Wright and his accomplice Calvin Ayre of pollutin the crypto community by falsely assuming the identity of Satoshi Nakamoto and claiming that Bitcoin SV is Satoshi Nakamoto’s “true vision”.

According to Changpeng Zhao, the real Satoshi Nakamoto could easily prove his identity using a digital signature – something which Craig Wright hasn’t done.

Attempted doxing of @hodlonaut

In addition to law suits, Craig Wright is also employing alternative methods in his effort to silence those who speak out against him. Among other things, has offered a $5,000 bounty to anyone who “doxes” (reveals the identiy of) the person behind the Twitter handle @hodlonaut. As a response to Wright’s attempt to both sue and dox @hodlonaut, Anthon Pompliano – of the crypto fund Morgan Creek – called for every cryptocurrency exchange to delist Bitcoin SV. There was also quick repsons within the Twitter community, where defenders of @hodlonaut – including the Bitcoin Magazine  – rallied behind the hashtag  #WeAreAllHodlonaut.