UK Court Rejects Bitcoin SV Investors’ $13.3B Lawsuit Against Binance
The UK Court of Appeal dismissed most of a $13.3 billion class action lawsuit against Binance brought by Bitcoin SV (BSV) investors.
The court rejected claims that BSV would have matched Bitcoin’s value if not delisted in 2019. Ruling these damages speculative and legally unsupported. It upheld the “market mitigation rule,” requiring investors to limit losses by selling on open markets. While the bulk of the lawsuit was dismissed, smaller claims related to loss of access or forced sales at a loss may still proceed.
This ruling marks a significant setback for BSV investors.
Clever Robot News Desk 23th May 2025
