Bitcoin SV (BSV) Supporters Elated After ‘Craig Wright is Satoshi’ Predicts Tether’s Collapse

BSV Camp on “Craig is Satoshi” Position Reignited

On April 26, allegations by the New York Attorney General’s Office (“AG”) arose against Bitfinex.

The state’s AG issued a press release describing an investigation and allegations arising as a result of the investigation. As the press release states,

“Our investigation has determined that the operators of the ‘Bitfinex’ trading platform, who also control the ‘tether’ virtual currency, have engaged in a cover-up to hide the apparent loss of $850 million dollars of the co-mingled client and corporate funds,”

said, Attorney General James.

“New York state has led the way in requiring virtual currency businesses to operate according to the law. And we will continue to stand-up for investors and seek justice on their behalf when misled or cheated by any of these companies.”

According to an AMB Crypto article, the allegations caused a

“cumulative fall of $10 billion within an hour, with major cryptocurrencies recording massive losses.”

The article also highlighted that Jimmy Nguyen, President of the Bitcoin Association and proponent of Bitcoin SV, shared a tweet by Craig Wright that was made earlier. The tweet by Wright reads:

"When #Tether collapses, and it will, #BTC debacle will be far worse than Mt. Gox. These anti capitalist, anti bank fools who have created a bank run and fiat teather to add this collapse into BTC.
Not hard money"

– Dr. Craig S. Wright
19 November 2017

Again, #CSW is Wright pic.twitter.com/naNL2rsXeJ

— Jimmy Nguyen (@JimmyWinMedia) April 25, 2019

According to the AMB Crypto article, Craig Wright, Chief Scientist at nChain, closed his Twitter account a while ago. He also allegedly claims that he was Satoshi Nakamoto, and then sued a number of prominent individuals for defamation, including Ethereum’s founder Vitalik Buterin.

Interestingly enough, there are others who have predicted Tether’s collapse. For instance, Tone Vays shared in a tweet of one of his videos

“When the US Government wants to shut down $USDT, they will” and “$USDT is like E-Gold, the government will cease underlying asset.”