Bitcoin Satoshi's Vision (BSV) Protocol Developers have scheduled the Genesis Hard Fork for February 4, 2020. This consensus rule change will make Pay-to-Script-Hash (P2SH) outputs invalid. Since BitGo's BSV wallets use P2SH-based multi-signature addresses, the protocol change will render BitGo BSV wallets unable to receive funds.
What this means for BitGo Clients
Starting February 4, 2020:
-
Funds already held in P2SH unspent will remain spendable; you will be able to continue to send funds out of your wallet
-
You will NOT be able to receive funds for your BitGo BSV wallet. Transactions attempting to send funds to BitGo wallets will be invalid, including transactions from a BitGo wallet attempting to return change back to the same wallet
Client Action Required
Clients will need to take one of two actions before February 4:
-
Contact BitGo via sales@bitgo.com to convert your BSV holdings to Bitcoin
-
Move BSV funds to an external wallet
If you continue holding BSV in your BitGo wallet after February 4th, you will only be able to sweep the wallet and most functionality will be disabled.
The latest
All News
About BitGo
BitGo is the digital asset infrastructure company, delivering custody, wallets, staking, trading, financing, and settlement services from regulated cold storage. Since our founding in 2013, we have been focused on accelerating the transition of the financial system to a digital asset economy. With a global presence and multiple regulated entities, BitGo serves thousands of institutions, including many of the industry's top brands, exchanges, and platforms, and millions of retail investors worldwide.