UK court partially dismisses $13.3B lawsuit against Binance
The Court of Appeal in the UK partly dismissed a lawsuit that Bitcoin SV investors had filed against Binance and other major crypto exchanges for allegedly working together to take down the token in 2019.
These investors had asked for $13,397,932,170 in damages, saying that Binance’s and others removal of BSV from its list of crypto took away their chance to make money from its possible rise to become a “top-tier cryptocurrency” like Bitcoin or Bitcoin Cash.
This was 352 times the original value of BSV held by “sub-class B” investors. However, The court said that investors who held BSV during the delisting time (called “sub-class B”) did not have the right to billions of dollars in speculative damages based on BSV’s possible growth.
