Kraken has delisted BSV (Bitcoin Satoshi Vision) from their platform after the crypto community overwhelmingly polled in favor of delisting the digital currecy on Twitter.
The tweet got 71% of the people voting in favor of the delisting and agreed on the team being “toxic”. As a result, Kraken announced the delisting of BSV from their platform on their blog.
Their poll had asked the community:
Should Kraken delist Bitcoin SV (BSV)? #delistbsv
— Kraken Exchange (@krakenfx) April 15, 2019
According to Kraken, they wanted to provide people with a platform which is secure, trustworthy and sustainable, which could be maintained only if the community members understood the values and lived by them. Failure of any currency to comply with the values would result in termination from the exchange. Fraudulent claims of being Satoshi (by Craig Wright who runs BSV) and threats of legal action (by Craig Wright against Peter McCormack and others) were the trigger points for Kraken. In the blog, Kraken claimed that they wanted to avoid a project whose team would support such actions. They stated:
“Over the last few months, the team behind Bitcoin SV have engaged in behaviour completely antithetical to everything we at Kraken and the wider crypto community stands for. It started with fraudulent claims, escalating to threats and legal action, with the BSV team suing a number of people speaking out against them. The threats made last week to individual members of the community were the last straw.”
Kraken’s team specifically pinpointed the incident of Craig threatening to sue the community members for “defaming” him, thus making people believe that he is the real Satoshi Nakamoto by force. He sent a legal notice to Peter McCormack for defaming him on Twitter after Peter called him a fraud, claiming that he isn’t the real Satoshi Nakamoto. This resulted in a huge backlash from the influencers of the crypto space. Industry heavyweights such as Anthony Pompliano and pretty much everyone else who was annoyed by Craig’s claims of being Satoshi responded with joining forces in denouncing Craig.
Craig Wright’s behavior and his continuous bashing of people and other forks of bitcoin in the past contributed in making the community take a stance against Craig. Anthony Pompliano, the crypto influencer and the founder of Morgan Creek Digital, recently asked the exchanges to delist BSV after the supposed immoral acts by the team of BSV. He tweeted:
Every exchange should delist BSV simultaneously on May 1st in a sign of solidarity behind the only Bitcoin that ever mattered.
This community is the responsibility of the people. Sometimes we must do the hard thing, not because it is easy, but because it is right.#DelistBSV
— Pomp 🌪 (@APompliano) April 12, 2019
It’s not just Kraken but other exchanges, such as like Binance and ShapeShift, have also started the procedure of delisting BSV as a result of the aforementioned reasons. . The founder of Binance also tweeted in disappointment after the legal action of Craig against Peter:
Craig Wright is not Satoshi.
Anymore of this sh!t, we delist! https://t.co/hrnt3fDACq
— CZ Binance (@cz_binance) April 12, 2019
Similarly, the founder of ShapeShift followed the sentiments of Binance and announced the delisting:
— Erik Voorhees (@ErikVoorhees) April 15, 2019
Bitcoin SV has been a controversial fork ever since it’s advent. The founder, Craig Wright, who also claims to be the original Satoshi Nakamoto, has claimed that BSV is the original Bitcoin that follows Satoshi’s vision. While talking to BlockPublisher, he even went a step further and stated that Bitcoin is not an asset but a ponzi:
There is no need for an ETF and BTC is not an asset – it is a ponzi.
Aggressive marketing for BSV there!
Craig’s threats have made the community and the exchanges angry. Is this the end of BSV from the exchanges? Only time will tell.
Binance delisted BSV.
ShapeShift is delisting BSV.
Kraken is considering delisting BSV.
Who is next?
— Pomp 🌪 (@APompliano) April 15, 2019