Binance delists Bitcoin SV following Craig Wright's legal threats

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Binance released an official statement informing users of the imminent removal of Bitcoin SV from the exchange's list of traded cryptocurrencies.

The action follows Craig Wright and Calvin Ayre, the proponents behind BSV, issuing legal notices to those denouncing Wright as a fraud-and not Satoshi Nakamoto.

According to the statement from Binance, all trading pairs for Bitcoin SV will be removed from the exchange on 22nd Apr.

2019 at 10:00 AM UTC. It was clarified that all trading orders involving Bitcoin SV trading pairs will be automatically removed after trading in each trading pair is halted.

Users were assured that they will still be able to view their assets after the delisting of Bitcoin SV. Assets can be viewed so far as users deactivate the "Hide small funds" feature on the "Funds page." The announcement also disclosed that withdrawals will continue to be supported after Bitcoin SV is delisted.

Bitcoin SV is down 16 percent, dropping from $71 to $59 a coin within the last 24-hours.

Bitcoin Cash is up 10 percent, increasing from $288 to $316 within the same timeframe.

Reasons for Delisting Bitcoin SV. According to the press release, the decision to delist Bitcoin SV stems from the project's failure to meet the exchange's high standards for listed digital assets.

The announcement comes four days after Changpeng Zhao, the CEO of Binance, threatened to delist bitcoin SV from the cryptocurrency exchange.

Craig Wright, a computer scientist and a leader of the Bitcoin SV team, is also said to have posted a $5,000 bounty for anyone who reveals the true identity of Hodlonaut.

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