PANews reported on May 11 that Bitcoin SV (BSV) investors are attempting to restart the 2019 lawsuit against Binance, which accused Binance of delisting BSV, causing its price to decline over the long term. The plaintiff's lawyer argued that a ruling made by the UK Competition Appeal Tribunal in July 2024 dismissed the 'opportunity loss' claim against Binance for delisting the token, and that ruling should be reconsidered. The plaintiffs originally sought $9 billion in damages, and if the lawsuit is restarted, they are seeking up to £10 billion (GBP), approximately $13 billion in damages.
In April 2019, Binance announced that BSV failed to meet its listing standards due to the actions of BSV founder Craig Wright. Craig Wright is notorious in the cryptocurrency world for falsely claiming to be Bitcoin's creator Satoshi Nakamoto. Subsequently, Binance delisted BSV.
