RATE Group | Bitcoin SV Drops 40% as Lawyer Admits Craig Wright Has No Private Keys
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Bitcoin SV Drops 40% as Lawyer Admits Craig Wright Has No Private Keys

18 Jan Bitcoin SV Drops 40% as Lawyer Admits Craig Wright Has No Private Keys

Posted at 13:31h in Cryptocurrency News by

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Controversial altcoin Bitcoin SV (BSV) has crashed 17% overnight after its main proponent failed to prove he has access to $9 billion in Bitcoin (BTC).

Data from Coin360 and Cointelegraph Markets confirmed a difficult 24 hours for BSV holders, who saw huge gains over the past week as Craig Wright’s court case delivered fresh revelations. 

Wright evidence “did not include” BTC keys

After Wright had promised to prove he was the controller of funds linked to Bitcoin creator Satoshi Nakamoto, BSV — the hard fork of BTC he claims is the “real” Bitcoin — shot up to all-time highs of $436.

In the event, Wright disappointed. After what he described as a “bonded courier” delivered evidence in the multimillion-dollar legal battle to confirm his identity, Wright’s lawyer subsequently confirmed it contained no private key information at all.

“The file that he’s received did not include private keys,” Andres Rivero told cryptocurrency news outlet Decrypt on Jan. 18.

Bitcoin SV 7-day price chart.

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