Kraken Divorces BSV, Follows Binance by Disabling Bitcoin SV Deposits on its Exchange


BSV token might have gained some pace in terms of a price rally, but the delisting saga continuous. Now, Kraken the cryptocurrency exchange has decided to disable BSV token deposits on its platform. The delisting saga began with Binance who announced that they have decided to delist BSV token form all its platforms and services to teach Craig Wright a lesson. Craig Wright’s attorney sent threatening lawsuits letters to several blockchain personalities. This bullying behavior did not go down well with the likes of Binance and now Kraken.

The official tweet from Kraken read,

“Bitcoin SV [BSV] deposits are now disabled. Deposits currently pending will be credited shortly. If you send funds in now, you may not be credited until after trading is disabled on April 29th. Please withdraw all BSV by May 31st, 2019.”

The tweet got several responses from the community members, where one Bitcoin SV supporter asked the main reason behind the delisting and questioned why haven’t they delisted Ripple’s native token XRP when they filled a lawsuit against them as well. Jesse Powell the CEO at Kraken clarified that Ripple never filled a lawsuit against them. He even explained that the Ripple fiasco was not a fiasco at all and a mere misunderstanding which was sorted quite promptly between the two parties.

Powell also tweeted that he wished the BSV community was more “outspoken” to denounce the “frivolous lawsuits” filed by community leaders against Kraken. The platform did not simply delist the token, but it did take the valuable feedback of 7000 customers and then went on to delist the token. The delisting announcement was followed by many bitcoin enthusiasts asking for the delisting of another forked coin Bitcoin Cash.

Kraken also wrote a blog post explaining the reasons behind the delisting of the BSV token. The blog post claims that the whole BSV network is involved in fraudulent claims and was threatening on social media platforms. Taking legal action against individual members of the community who held dissenting opinions from the BSV bunch was, however, the “last straw.” The blog concluded by stating,

“There is no room for bad actors.”

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