- By Pierre-Alexandre
April 15th, 2019
Binance officially announces to delist all Bitcoin SV (BSV) trading pairs from April 22 and company CEO Changing Zhao engages in a war with Craig Wright.
Do the right thing. https://t.co/z7HGsAZnmR— CZ Binance (@cz_binance) April 15, 2019
Craig Wright’s exaggerated claims of being Bitcoin-creator ‘Satoshi Nakamoto’ has not gone well with the crypto community. However, this time, the fight has escalated to a whole new level.
Changpeng Zhao, the founder of the world’s largest cryptocurrency exchange Binance, has entered in a direct war with Craig Wright. The matter went to this extent that Binance has today officially announced the delisting of Bitcoin SV crypto token, led by Craig Wright.
The official announcement reads:
“At Binance, we periodically review each digital asset we list to ensure that it continues to meet the high level of standard we expect. When a coin or token no longer meets this standard, or the industry changes, we conduct a more in-depth review and potentially delist it. We believe this best protects all of our users”.
The announcement also notes that the exchange would delist all Bitcoin SV (BSV) trading pairs from April 22. This is a first-of-kind major step taken by any crypto exchange against the creators of Bitcoin SV. To understand why this all happened, let’s take a look into the past.
A Sneak Peek Into The Past
The crypto community got largely divided during the controversial hardfork of Bitcoin Cash (BCH) last year.
The hardfork resulted in two BCH versions - Bitcoin Cash SV, led by Craig Wright and other is Bitcoin Cash ABC led by the opposite camp.
Over the last few months, Craig Wright has often engaged in arguments with Twitter users who refuse to accept his claims of being the real ‘Satoshi’. Wright also threatened some of the Twitter users with a legal lawsuit.
Recently, a popular Twitter user, Hodlnaut, called Craig Wright a scammer and made some “defamatory” comments, according to Bitcoin SV creator. Later, Wright with the help of his attorneys served legal papers to Hodlnaut.
This came to Binance CEO Zhao’s notice who issued a warning last Friday, April 12, to delist Bitcoin SV from his platform:
Craig Wright is not Satoshi.— CZ Binance (@cz_binance) April 12, 2019
Anymore of this sh!t, we delist! https://t.co/hrnt3fDACq
Ultimately, today, the crypto exchange has initiated the final action to delist Bitcoin SV from the platform.
Binance CEO Receives Huge Support
After Binance’s recent move, the question that arises is that was it right on the part of Zhao to act in haste without taking a broader opinion of the crypto community? If we dig into this, it looks like the Binance CEO is already getting huge support from the crypto community.
CZ notes that he never prefers to choose sides on technology, but he would do so against Craig Wright calling him a fraud.
Master piece! You have my full support, Peter.— CZ Binance (@cz_binance) April 15, 2019
To be clear, I don't choose sides on technology. We let market do that. I am against fraud, such as lying to be someone. As such, it is my strong opinion that:
Craig Wright is fraud. https://t.co/f9ihSD6Pr3
With the trending hashtag #WeAreAllHodlnaut a wider part of the crypto community has also stood with the Twitter user, and ultimately with Changpeng Zhao. Even Tron founder Justin Sun has extended support to Hodlnaut:
A crowdfunding campaign supporting Hodlnaut’s legal battle has also been initiated by the supporters. The campaign has already reached 140% of its goal raising over $28,000 USD in no time.
Bitcoin SV Price Tanks
Getting delisted from the world’s most popular crypto trading platform, the Bitcoin SV community is bound to react negatively. At the press time, the price of Bitcoin SV has tanked over 10% while Bitcoin Cash was surging northwards with 14% gains.
Other exchanges may follow Binance's decision:
Kraken is asking Twitter if they should do the same, while Shapeshift has just announced they will also delist BitcoinSV:
Should Kraken delist Bitcoin SV (BSV)? #delistbsv— Kraken Exchange (@krakenfx) April 15, 2019
Alright I lied the only thing funnier is Binance delisting Bitcoin SV as a direct result of Craig threatening to sue everyone 😂 https://t.co/4BGWU8yU1r— The Crypto Moon Overlord (@MoonOverlord) April 15, 2019
so childish, illegal and Corrupt...what monkey business do Ethereum and exchanges have going on that this is the reaction to Craig forcing a judge to pass judgement on the origins of Bitcoin by suing Vitalik for Liable?https://t.co/eJ0OpT6r9U— Calvin Ayre (@CalvinAyre) April 15, 2019
This decision is raising critics: what about the concensus and censorship resistance, two main features of the crypto ecosystem?
Am I the only one who thinks Binance just shot themselves in the foot?— iang (@iang_fc) April 15, 2019
How do they go about discussing anything serious with a regulator after delisting a crypto because someone was mean to them?
What this phenomenon suggests is that the #crypto community's commitment to 'censorship-resistance' and getting rid of human agency/discretion may be about having the power to make the decisions to censor or not.— Angela Walch (@angela_walch) April 15, 2019
Power transfer, rather than power distribution.
Wife: Wat r u doin on ur phone?— AMERICAN HODL 🔑 (@MericanHodl) April 15, 2019
Me: This guy Craig said he was satoshi but he’s not and he tried to sue this space cat and then we all became space cats and then this English dude got sued and this Chinese guy delisted Craig’s shitcoin.
Me: this is important