One Fake Screenshot Made Bitcoin SV Explode Nearly 100% in Hours

Bitcoin Cash SV (BSV) has consistently drawn controversy both for its project and for the involvement of Craig Wright. Now reports are emerging that a sudden surge in the BSV token’s price might have been the result of a piece of fake news that has been circulating on Chinese social media.

Seems someone did it purposely just around the same time BSV pumped just an hour ago. Completely fake news but “real enough” to trick many Chinese retails pic.twitter.com/qiWtW6Z8bC — Dovey Wan 🗝 🦖 (@DoveyWan) May 29, 2019

According to founding partner of Primitive, Dovey Wan, the tweet translates to,

CSW transferred 50k BTC from the biggest BTC wallet to Binance, which confirmed he is the real Satoshi. As such CZ will re-list BSV and make an official apology on Twitter.

Though it’s very hard to make a connection between events and corresponding rises in price, Wan says that the news could take time to be realized as fake,

The trick is easy and constantly used by many scams – all chinese crypto media circulate the breaking news via picture as above in wechat, instead of news link. So anybody can just use the same theme template and photoshop one ☝🏻 like above — Dovey Wan 🗝 🦖 (@DoveyWan) May 29, 2019

The price of the token has gone up over 90% in the past 24 hours. Binance, along many others, recently delisted the BSV token after many insiders in the industry took umbrage with the actions of Craig Wright.

Wright’s actions have included suing individuals in the crypto space and, perhaps most infamously, claiming that he is Bitcoin (BTC) creator Satoshi Nakamoto. Wright filed a $55 copyright application in which he also made this claim, and the Copyright Office stated that “it does not investigate the truth of any statement made.”