Bitcoin SV Drops Below 17% Overnight As Wright Fails To Prove BTC Fund Control

Bitcoin SV crashes down 17% overnight after its main proponent, Craig Wright failed to prove he had access to $9 billion in Bitcoin (BTC).

Coin360 data shows a difficult 24 hours for BSV holders, while showing huge gains over the past week as Craig Wright’s court case delivered fresh revelations.

BTC Keys Not Included In The Evidence

After Wright 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.

craig wright

Craig Wright

Meanwhile, Wright 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.

Andres Rivero told cryptocurrency news outlet Decrypt on Jan. 18:

“The file that he’s received did not include private keys”

Bitcoin SV 7-day price chart. Source: Coin360

Even before the information went public, BSV began descending from its highs to hit press-time levels of $262 — 40% below its Jan. 15 peak.

Source: Cointelegraph

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