Self-Appointed Bitcoin Inventor Claims Binance is a Money Laundering Organization

A controversial Australian cryptographer Craig Wright, well-known, and not in good way, as Faketoshi, has made headlines again. This time around, Wright referred to Binance, the world’s largest crypto exchange, as a “super bucket shop” while attacking his critics along the way.

Wright, in an interview with Finder, accused Binance of engaging in money laundering and activities aimed at inflating crypto trade volumes.

You have things like CZ (Changpeng Zhao, Binance CEO) there and Binance which is super bucket shop which are basically money laundering organizations. They wash trades and money laundering. That’s how they make money.

Craig’s statement comes only two weeks after Binance delisted Bitcoin (BSV) – the Bitcoin Cash hard fork – which is the brain-child of Craig Wright. According to the CEO and founder of Binance Changpeng Zhao, better known as CZ, the action was taken after Wright started issuing threats to those claiming he is not Satoshi Nakamoto.

He sent several letters talking about his intent to take legal action against several high-profile figures in the crypto community, including Ethereum co-founder Vitalik Buterin, Hodolonaut (the anonymous creator of Lightning Network Trust Chain) and podcaster Peter McCormack. He said that they both had falsely accused him of fraud.

In retaliation to Wright’s threats, some of the big shots in the crypto space led by Binance CEO CZ called for delisting of BSV from all exchanges. And Binance’s decision to remove BSV from its trading options prompted other major exchanges, including ShapeShift and Kraken to take similar action.

About Bitcoin SV

Bitcoin SV is a digital coin created in November last year as a result of the Bitcoin Cash hard fork. It is the brainchild of Craig Wright. As its name suggests, it was designed to fulfill the vision of Satoshi Nakamoto.

At the time of writing this article, Bitcoin SV is the 14th most valuable cryptocurrency with a market cap of $945 million and a price per coin of $53.25, according to data from CoinMarketCap.