The exchange stated that as of April 22, it will delist and cease trading on all trading pairs for BSV — on the exchange under the ticker BCHSV. In the post, Binance explained that it regularly reviews assets listed on its platform “to ensure that it [an asset] continues to meet the high level of standard we expect.” The firm went on to explain that it only delists a coin after another in-depth review, noting “[w]e believe this best protects all of our users.”
The exchange listed responsiveness to its due diligence requests, level and quality of the coin’s development and “evidence of unethical / fraudulent conduct” among the factors that it takes into account before delisting a cryptocurrency.
The exchange also noted that it will support withdrawals of the coin until 10:00 a.m. UTC on April 22.
“Craig Wright is not Satoshi. Anymore of this sh!t, we delist!”
The tweet is presumably a reaction to BSV founder Craig Wright’s — infamous in the industry for making multiple claims to be Bitcoin (BTC) creator Satoshi Nakamoto — recent action against Hodlnaut, the Twitter user behind the Lightning Torch initiative.
As previously reported, Wright had set a $5,000 bounty in BSV for information regarding the identity of Hodlnaut. The cryptocurrency community reacted on Twitter by creating #WeAreAllHodlonaut hashtag, to show support for the now deleted twitter user. The community also reacted to CZ’s warning by asking various exchanges to delist BSV and creating a #DelistBSVhashtag.
Wright was purportedly motivated by the anonymous Twitter user calling him a fraud and accusing him of falsely claiming to be Nakamoto.
Binance is currently the world’s fourth largest crypto exchange by adjusted daily trade volume, seeing about $900 million in trades over the 24-hours to press time.
BSV is currently trading around $65, down clost to 7% on the day to press time.