Crypto Exchange vs Craig Wright Wars Heat Up as ShapeShift to Remove Bitcoin SV After Binance

Craig Wright does not appear to be in the business of making friends lately. After an anonymous user named Hodlonaut decided to proclaim that there’s no way Wright’s pseudonym is famous Bitcoin creator Satoshi Nakamoto, things got ugly. As Wright worked to serve legal papers, he called on the crypto community with a bounty for anyone that could provide his true identity. However, things have not quite turned out like he planned.

Instead of going on a massive search, the anonymous user deleted their account and all of the supporters of Bitcoin collectively changed their own display names to Hodlonaut instead. As Wright’s aggressive mission continued, CEO Changpeng Zhao of Binance even told him to stop his behavior or face delisting of Bitcoin SV, which Wright is in charge of.

Only hours ago, Binance announced that they had followed through with their threats to delist Bitcoin SV, posting a blog update. The changes will take place on April 22^nd.

Craig Wright is not Satoshi.

Anymore of this sh!t, we delist! https://t.co/hrnt3fDACq

— CZ Binance (@cz_binance) April 12, 2019

Do the right thing. https://t.co/z7HGsAZnmR

— CZ Binance (@cz_binance) April 15, 2019

To view the full details, read the blog here: https://support.binance.com/hc/en-us/articles/360026666152-Binance-Will-Delist-BCHSV.

Clearly, the decision to finally delist the token will give a little urgency to other companies to, forcing them to decide where to stand. Reports from CryptoGlobe show that ShapeShift CEO Erik Voorhees has already expressed that he plans to do the same thing, as he posted that he and his team

“stand with Binance and CZ’s sentiments.”

The coin will no longer be listed on the ShapeShift platform in 48 hours.

We stand with @binance and CZ's sentiments. We’ve decided to delist Bitcoin SV #BSV from @ShapeShift_io within 48 hrs.

— Erik Voorhees (@ErikVoorhees) April 15, 2019

The pressure is on. There are many people who believe that the Kraken Exchange is next, especially after the exchange posted a poll to ask their followers if they should delist Bitcoin SV as well. Presently, over 73% of voters (out of 44,376 votes) have voted in favor of delisting the token, though 20% voted for “don’t care,” which allowed them to see the results of the poll.

Should Kraken delist Bitcoin SV (BSV)? #delistbsv

— Kraken Exchange (@krakenfx) April 15, 2019

Zhao has already responded to the matter, saying that he has “a feeling” that they will choose to delist. He also reminded the public that the community of crypto users is “tighter and stronger” than anyone understands.

Oh. @jespow will do it. I have a feeling… #crypto industry is tighter and stronger you think. https://t.co/ZbDutMiE9e

— CZ Binance (@cz_binance) April 15, 2019

There are a few crypto proponents that believe a little more work is needed to clean up the crypto space, considering the fraud of other companies as well. Nic Carter, the co-founder of CoinMetrics, posted that “almost everything” should go, if “fraud from the chief promoters” is the qualifying trait.

If fraud from the chief promoters is sufficient reason for a delisting from Binance… almost everything should be delisted

— nic carter (@nic__carter) April 15, 2019

This move, as Carter says, is a major sign of the power that exchanges have over the crypto market, adding that Binance made the right decision, considering the “insecure and liable to be exploited” state of Bitcoin SV.

to be clear, Binance was absolutely right to delist BSV because a tiny minority hashrate coin is incredibly insecure and liable to be exploited. but it also does evidence how much power exchanges have

— nic carter (@nic__carter) April 15, 2019