Twetch, a Web3 social platform on Bitcoin SV, shut down unexpectedly, leaving investors unable to redeem their NFTs and virtual collections.
Twetch, a social media platform that operates on the Bitcoin SV (BSV) blockchain and is a Web3 competitor to X, was unexpectedly shut down on June 6 without prior notice.
Several crypto investors were subsequently unable to redeem or cash out their nonfungible tokens (NFTs) and virtual collections. This occurred shortly thereafter. The company responded to a single investor by stating, “We are in the process of addressing the matter.”
The reasons for Twetch’s eventual closure were not disclosed on the website. Nevertheless, the Twetch mobile application is still available for installation from the Apple and Google app stores as of the time of this writing.
Craig Wright, who for years attempted to claim credit for the creation of Bitcoin, founded Bitcoin SV.
Craig Wright, the pseudonymous creator of the Bitcoin network, was not Satoshi Nakamoto, as determined by a United Kingdom court on March 14.
