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Fake News Within Chinese Social Media Circles Pumped Bitcoin SV

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Bitcoin SV

Following what appeared to be a “news alert”, the prices of Bitcoin SV surged 60 percent, thrusting prices to over $200 by yesterday’s close. The faked Chinese media outlet report sent the market into a BSV buying frenzy with the claim that Craig Wright, had allegedly transferred 50,000BTC from the Satoshi Nakamoto BTC wallet to Binance. Consequently, the news portrayed Craig as the real Satoshi.

Tweeting about the incidence, the founding partner at Primitive Ventures, Dovey Wan, translated the viral fake news item saying:

 “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.”