UK Court of Appeal dismisses BSV investor’s $13.3 billion lawsuit against Binance

PANews reported on May 22 that according to Decrypt, the UK Court of Appeal recently dismissed a $13.3 billion class action lawsuit filed by BSV investors against Binance. The plaintiff claimed that the removal of BSV by platforms such as Binance in 2019 caused it to fail to reach a price level similar to Bitcoin, but the court believed that the claim was "purely speculative" and that investors had a responsibility to reduce losses through the open market.

The court specifically rejected the “loss of opportunity” theory, pointing out that BSV is not an irreplaceable asset and its potential value cannot be inferred based on the increase in Bitcoin or Bitcoin Cash. In addition, the judge supported the 2024 Competition Appeal Tribunal’s ruling, emphasizing that plaintiffs must comply with the “market mitigation rule”, that is, they should actively stop losses when there is still liquidity in the market. Although the core claims were rejected, some small-scale lawsuits can continue, including individual cases of investors who were unable to access assets or were forced to sell at low prices due to delisting.

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Author: PA一线

This content is for informational purposes only and does not constitute investment advice.

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