Bitcoin SV Investors Revive $13.3B Claim

Bitcoin SV Investors Appeal to Reinstate $13 Billion Claim Against Binance

• Bitcoin SV (BSV) investors claim Binance’s 2019 delisting caused a “forgone growth effect,” leading to over $13 billion in losses.
• The Competition Appeal Tribunal previously rejected the claim, suggesting most investors could have mitigated losses by trading BSV for other cryptocurrencies.
• The case is part of a larger class action involving exchanges Kraken, ShapeShift, and Bittylicious, which also delisted BSV.
• BSV Claims Limited represents approximately 243,000 UK-based BSV holders from April 2019 to July 2022.
• The appeal argues that the delisting caused ongoing damage and that the market mitigation rule does not apply due to insufficient funds from alternative trades.

BSV investors are appealing to the UK Court of Appeal to reinstate their claim against Binance, arguing that the exchange’s delisting of BSV resulted in significant financial losses exceeding $13 billion. The case is part of a broader legal action against multiple exchanges that removed BSV in 2019.