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Beware of false speculations: BSV is not collapsing due to malicious attacks
Recent news articles and tweets claiming that exchanges have abandoned BSV and speculating that the network is collapsing due to a 51% attack are most definitely not true. While it is correct that there have been malicious attacks on the network, it is not a 51% attack and exchanges are not abandoning BSV. They have simply suspended BSV services until the attacks have been confirmed as over, after being informed by Bitcoin Association, a Switzerland-based non-profit global industry organization that pushes for the enterprise adoption of the BSV blockchain.
Something seems to be happening with BSV. Every major exchange, and now even the liquidity providers are abandoning it. Perhaps related to the 51% attack.
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