Bitcoin SV Investors File to Revive 'Loss of Chance' Claim in $13.3 Billion Case With Binance
Bitcoin SV (BSV) investors have appealed to the UK Court of Appeal to reinstate their claim against Binance for delisting BSV in April 2019, which they argue caused significant financial losses. The Competition Appeal Tribunal previously dismissed a claim regarding a "forgone growth effect," which could lead to penalties exceeding $13 billion if successful. Investors assert that the delisting resulted in ongoing value loss, while Binance's representatives argue that BSV was a marketable asset that could have been traded for alternatives. The case involves claims against multiple exchanges that delisted BSV and represents the first collective cryptocurrency-related case in the UK. Legal experts express uncertainty about the outcome, citing challenges in proving claims against exchanges.
