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Bitcoin SV-Centric Exchange Suspends BSV Withdrawals

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Tue, 07/13/2021 - 19:26
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Alex Dovbnya
Gravity was forced to suspend Bitcoin SV deposits and withdrawals by its liquidity providers
Bitcoin SV-Centric Exchange Suspends BSV Withdrawals
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Gravity, a Bitcoin SV-centric cryptocurrency exchange, has suspended both BSV deposits and withdrawals, according to its recent Twiter announcement

Trading has also been halted until further notice.
 
The exchange explains that the suspension was caused by liquidity providers blocking access to the coin’s liquidity.

The users’ funds won’t be affected by the liquidity issue, according to Gravity.  

Related
Craig Wright Wins Bitcoin Copyright Lawsuit Against Pseudonymous Developer
Multiple major exchanges, including OKEx and Bittrex, have suspended BSV trading after the controversial Bitcoin fork suffered a 51 percent attack.  

In a blog post, Bitcoin SV's Bitcoin Association claims that it advised trading platforms to freeze deposits in order to prevent the bad actor from double-spending coins. 

The organization intends to cooperate with law enforcement authorities to investigate the attack and take legal action against those who carried it out.

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.