Self-Proclaimed Satoshi Nakamoto Sues Coinbase and Kraken for Promoting “Fake” Bitcoin
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Kraken and Coinbase Accused of Misleading Bitcoin Investors
The intellectual property claims against Kraken and Coinbase have been filed jointly by Craig Wright and his two associated companies, namely: Wright International Investments Limited (WII) and Wright International Investments UK Limited (WIIUK). The property claim against the two exchanges is for misrepresenting “Bitcoin Core” as Bitcoin.
Therefore, Wright claims that the “only” cryptocurrency which implements the “original” BTC protocol is “Bitcoin Satoshi Vision” (BSV), which is a software implementation created in 2017 that is separate from the original system.
“The only digital asset that remains true to the original Bitcoin protocol is 'Bitcoin Satoshi Vision' BSV/USD which is the software implementation of the original Bitcoin protocol,” stated ONTIER on behalf of Wright.
BitcoinSV is not listed on either Kraken or Coinbase. Hence, the allegations claim that the exchanges are misleading users to trade Bitcoin (BTC) instead of BitcoinSV (BSV).
Wright Calls Himself Satoshi Nakamoto
Launched in 2018, BitcoinSV is a hard fork of Bitcoin Cash (BCH) which led to a split in the BCH network. Since then, Craig Wright and the BitcoinSV community have tried to market the cryptocurrency as the original Bitcoin.
Wright first claimed to be Satoshi Nakamoto, Bitcoin’s pseudonymous creator, in 2016 but has failed to convince the crypto community that he is Nakamoto.