Binance, the world’s largest crypto exchange by reported volume, will delist bitcoin SV (BSV) after a week of controversy around the cryptocurrency’s creator, Craig Wright.
The exchange announced Monday that it would be delisting all BSV trading pairs on April 22, just days after Binance CEO Changpeng Zhao (CZ) threatened to do so if Wright did not cease attacks on Twitter users claiming the latter is not Satoshi Nakamoto, the pseudonymous creator of bitcoin.
In Binance’s announcement, the exchange says “we periodically review each digital asset we list to ensure that it continues to meet the high level of standard we expect,” citing a number of factors it weighs.
These include the commitment of a team to the project, the level and quality of its development activity, its network and smart contract stability, the level of public communication, responsiveness to periodic due diligence requests, evidence of unethical or fraudulent conduct and its contribution to the crypto ecosystem.
However, it is likely that BSV is being deleted due to Wright’s attacks on Twitter user hodlonaut (who started the Lightning Network “torch”) and other individuals. Specifically, Wright placed a bounty on hodlonaut’s identity after the latter claimed Wright is not Satoshi. CZ said Binance would delist BSV if Wright continued these attacks.
Wright has sent legal cease-and-desist letters to other individuals claiming he is not Satoshi, including Peter McCormack, the individual behind the “What Bitcoin Did” podcast.
Binance will continue to support BSV withdrawals until July 22.
Wright has for the last several years claimed he is the person behind the pseudonym Satoshi Nakamoto, but his evidence for this claim has been widely disputed.
CZ image via CoinDesk archives