Bitcoin SV Investors Lose $13.3B Bid

UK Appeals Court Dismisses Majority of $13.3B Class Action Against Binance

• The UK Court of Appeal dismissed most of a $13.3 billion class action against Binance.
• Investors claimed BSV could have reached Bitcoin’s value if not delisted in 2019.
• The court ruled the damages as speculative and unsupported by evidence.
• Investors were expected to mitigate losses by selling in an open market.
• Some smaller claims related to access loss or sale at a loss may still proceed.

The UK Court of Appeal has largely dismissed a $13.3 billion class action against Binance, rejecting claims that Bitcoin SV’s growth was hindered by its 2019 delisting. The court found the damages speculative, but allowed smaller claims involving access or sale losses to potentially continue.