Kraken has joined the feud between Craig Wright and the Bitcoin community and decided to delist Bitcoin SV.
The decision was driven by the recent behavior of the coin’s promoter as the exchange termed it “antithetical.”
In the April 16 announcement, the US-based exchange noted: “Over the last few months, the team behind Bitcoin SV have engaged in behavior 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.”
Before finalizing the decision, Kraken has conducted a poll on Twitter on which more than 70,000 community members participated.
Should Kraken delist Bitcoin SV (BSV)?
— Kraken Exchange (@krakenfx)
The announcement detailed that the digital asset exchange will close all deposits on April 22 followed by the cessation of trading on April 29. However, customers can withdraw their funds until May 31.
More to follow?
The was started by Binance after its CEO Changpeng Zhao warned Wright to stop some controversial behaviors towards the crypto community.
The continued his actions and announced a $5,000 bounty to anyone who discloses the identity of the Twitter user “Hodlnaut”, the organizer of “Lightning Torch” charity.
With this Binance, on April 15, delisted Bitcoin SV from its platform, calling its promoter “a fraud.”
Binance’s action was also followed by ShapeShift as the platform also announced to delist Bitcoin SV.
We stand with and CZ’s sentiments. We’ve decided to delist Bitcoin SV from within 48 hrs.
— Erik Voorhees (@ErikVoorhees)
The digital currency is legit
OKEx, the, however, decided to continue listing Bitcoin SV after a “rigorous” review of the coin “in terms of technology development, liquidity, and compliance.”
Considering that Bitcoin SV (BSV) has been delisted from several exchanges recently, OKEx has conducted a rigorous review on BSV in terms of technology development, liquidity, and compliance.
— OKEx (@OKEx)
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