$ETH

Bitcoin SV investors attempt to revive the 2019 lawsuit against Binance

The BSV network has faced numerous delistings from exchanges, 51% attacks, and a long-term price decline, as the altcoin struggles to gain traction.

The investors of Bitcoin Satoshi's Vision

BSV

38.82 €

, a hard fork of Bitcoin Cash

BCH

381.64 €

, which in turn is a hard fork of the Bitcoin protocol

BTC

92,883 €

, are attempting to revive a 2019 lawsuit against the cryptocurrency exchange Binance for delisting the altcoin, which, according to the litigants, hindered the price of BSV.

According to Law360, the plaintiffs' lawyers argued that a July 2024 decision by the UK Competition Appeal Tribunal dismissing the "loss of opportunity" claim against Binance for delisting the token should be reconsidered. The litigants were seeking USD 9 billion in damages in the original case.

Investors continue to claim that the delisting of BSV from Binance in 2019 and other similar delistings from major exchanges are the primary drivers of BSV's long-term price decline and its inability to attract the investor attention enjoyed by Bitcoin.