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About the BSV Delistings – Who’s Gonna Pay for This?

 

Well, folks, ol’ Craig Wright is at it again–another storm has been brewing in the cryptosphere, and the self-proclaimed creator of Bitcoin is at the center of it. If you thought that things got ugly last time, well, you ain’t seen nothin’ yet.

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And so far, the consequences of Wright’s vengeful actions have been severe. Over the past week, at least three well-known cryptocurrency exchanges–Binance, Kraken, and Shapeshift–have made the decision to delist Bitcoin Cash Satoshi’s Vision (BSV, the cryptocurrency that Wright is responsible for creating) from their platforms following some rather outlandish behavior.

As a result of the de-listings and the controversy surrounding them, the price of Bitcoin SV crashed from a high this week of roughly $73.50 to as low as $54.24 before rebounding to roughly $60. At the same time, Bitcoin Cash, the coin that BSV was forked from, has seen a major boost.

What happened?

Wright Went On a Legal Rampage Against Those Who Claim He Isn’t Satoshi Nakamoto, the Creator of Bitcoin

Indeed, things have gotten rather personal between Wright and some of his critics. It seems that Wright is fed up with being accused of lying about being the “real” Satoshi Nakamoto. As such, Wright started down a legal warpath.

The first move came on March 29th, when Wright’s attorneys served legal papers to the individual behind a Twitter account with the handle @Hodlnaut. The papers threatened legal action against the user for holding what was referred to as a “targeted campaign” of “highly defamatory and abusive tweets.” Wright also set a $5000 reward for whoever could provide the real identity of @Hodlnaut.

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