Binance to delist BSV on April 22nd. Other exchanges follow suit.

Binance released a statement wherein they declared that they are going to be delisting Craig Wright’s BSV token on April 22nd at 10 AM UTC. The statement reads:

“Fellow Binancians,

At Binance, we periodically review each digital asset we list to ensure that it continues to meet the high level of standard we expect. When a coin or token no longer meets this standard, or the industry changes, we conduct a more in-depth review and potentially delist it. We believe this best protects all of our users.

When we conduct these reviews, we consider a variety of factors. Here are some that drive whether we decide to delist a digital asset:

• Commitment of team to project
• Level and quality of development activity
• Network / smart contract stability
• Level of public communication
• Responsiveness to our periodic due diligence requests
• Evidence of unethical / fraudulent conduct
• Contribution to a healthy and sustainable crypto ecosystem

Based on our most recent reviews, we have decided to delist and cease trading on all trading pairs for the following coin on 2019/04/22 at 10:00 AM UTC:

• Bitcoin SV (BCHSV)”

Earlier Changpeng “CZ” Zhao, the CEO of Binance, had threatened Craig Wright with a potential delisting after an article, published by Bitcoin Magazine, stated that Wright had intentions to sue the person behind the idea of Lightning Torch, Hodlonaut. Hodlnaut had repeatedly called out Wright for being a fraud for his, as yet unproven, claims of being Satoshi Nakamoto. Wright and his legal team have been busy over the last week sending frivolous lawsuits to various people who have called him out for being a fraud.

It looks like CZ has had enough. First, he tweeted this out:

“To be clear, I don't choose sides on technology. We let the market do that. I am against fraud, such as lying to be someone. As such, it is my strong opinion that: 

Craig Wright is fraud.”

Nearly half an hour later, he shared Binance’s statement of the BSV delisting with this simple message: “Do the right thing.”

Following Binance’s announcement, other exchanges like ShapeShift and Blockchain.com have decided to delist BSV.  Erik Voorhes, shapeshift CEO, tweeted the following:

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

Blockchain CEO Peter Smith also tweeted that they will terminate support for BSV in the next 30 days:

“In the next thirty days, we will end even close out support for #BSV transactions. To use #BSV, go somewhere else!”

In the meantime, Kraken held a Twitter poll asking their followers whether they should delist BSV or not.  After nearly 78,000 votes, an overwhelming 73% voted that BSV should be delisted and 20% said they didn’t care.

In response to all this, the price of Bitcoin Cash (BCH) has skyrocketed. This Monday, BCH went up from $290 to $312 as the rest of the crypto market got painted in red. BCH looks bullish this Tuesday as well. The price has gone further up to $316. BSV, on the other hand, has plummeted by 18% over the last 24 hours.