‘Delist BSV’ campaign revealed truths about how the digital asset industry operates WTF? /dFaLVwgRm7Īgain, this response amounts to a “tough luck, you lost” statement-since the “reality” Kraken’s representative referred to was created by the company’s own decision. If you didn't move your #BSV off #kraken before the deadline they are going to liquidate all BSV in 180 days buy BTC and take a 10% fee. Kraken, which joined Binance in delisting BSV, gave its customers a month to withdraw BSV before eventually “liquidating” it and converting to BTC at average market prices 6 months later… with an arbitrary 10% fee: If anyone has any further information on this, we’d be happy to hear it. It’s entirely possible that many BSV-holding customers missed the announcements, and left non-trivial amounts of BSV units in their Binance wallets. ![]() There has been little or no mention of BSV on the company’s Twitter support account, or its blog, since then. Only a few months passed in 2019 between Binance’s announcement that it planned to delist BSV, and end withdrawals. This, and the reported answers the customers above received, suggest Binance doesn’t feel it needs to offer any further explanation on the matter. were they sold for others, such as BTC, or do they remain in cold storage in Binance’s records?Īlmost a week has passed since we asked those questions, and Binance has not provided answers… or any response at all. – What did Binance do with the remaining BSV assets, e.g. – Were a number of Bitcoin SV units left un-withdrawn after the 2019 deadline? While acknowledging that Binance did publicly announce their decision to delist BSV in April 2019 and end support for withdrawals a few months later, we sent a request to the company’s media enquiries desk with the following questions: It appears that Binance‘s standard response to customer enquiries about their missing funds is a link to the April 2019 announcement-or, in other words, tough luck. Is there anything we can do? Would the be able to put any pressure on Binance to stop stealing funds from the BSV community? /bXt1XOnMOY ![]() Our curiosity arose after seeing the following messages posted on Twitter and Reddit:īinance is stealing #Bitcoin from people who bought #BSV on their exchange in the past and didn't hear about their delisting announcement. What did Binance do with Bitcoin assets left in customer accounts after it delisted BSV in 2019? Following a handful of messages posted online recently, we wondered if the company had liquidated and returned-or simply kept-the money.
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