- Kraken and Litebit have made the move to delist bitcoin SV
- This comes after Binance and Shapeshift delisted the token on April 15
- The delisting was in retaliation of Craig Wright claiming to be Satoshi Nakokoto
Things have gone from bad to worse for self-proclaimed Satoshi Nakomoto Craig Wright. Speaking to Bloomberg, Wright said that he has filed a lawsuit against Ethereum developer Vitalik Buterin and podcaster Peter McCormack.
Aussie business tycoon Wright has often called himself Satoshi Nakamoto, the creator of bitcoin. This has earned him a lot of criticism from those in the industry, for being an attention seeking stunt. However, real repercussions for his actions came into play when Changpeng Zhao announced on April 16, 2019, that his exchange Binance would be delisting bitcoin SV due to wright’s actions.
This was very significant because Binance is a very powerful firm and whatever actions they take tend to be followed by others in the crypto industry. This is seen by the fact that BSV was not only delisted from Binance, but many other exchanges as well. One of the first to do so was Shapeshift, after it was tweeted that they will stand with Zhao’s actions and would be following suit.
— Erik Voorhees (@ErikVoorhees) April 15, 2019
This was not the only consequence as major exchange Kraken has announced on April 16, 2019, that they will also delist bitcoin SV. They had put up a poll on Twitter asking if the token should be this delisted or kept on the roster.
Goodbye Bitcoin SV
In the official press release, Kraken said that BSV would be removed because they had, “engaged in behavior completely antithetical to everything we at Kraken and the wider crypto community stands for.”
As for the Twitter poll that was put up to ask the Kraken community whether or not to delist, the response was resounding. 71 percent voted to delist the coin with only a combined 6 percent voting to keep it on board. Even individual crypto users have turned their backs on the token and not just the powerful executives.
Unfortunately for bitcoin SV, Litebit has also put out a poll on Twitter asking their users whether or not they should delete the token. As of now, 79 percent of respondents voted the token should be delisted and it seems that the change will occur in the near future. This is an interesting example of an overwhelming response from the crypto community.
In Kraken’s press release, they cited erratic behavior on the part of the management of bitcoin SV as one of the reasons they were delisted. Besides claiming to be Satoshi Nakamoto, he had also put up a bounty offering $5000 in BSV for information regarding the identity of a popular Twitter user named Hodlnaut.
Hodlnaut is famous for being the user behind the lightning torch event which is one of the most popular challenges in crypto in which the smallest indivisible amount of bitcoin is sent from one user to the other who passes the torch to another who adds the same amount.
It helped to bring a lot of attention to the lightning network and had people such as Twitter CEO Jack Dorsey and an octogenarian take part. Needless to say, he went after a beloved figure in the industry and this made him a lot of enemies.
It is no surprise that Kraken said in their statement that, “the threats made last week to individual members of the community with the last straw. This aggression will not stand.”