UK court partially dismisses Bitcoin SV investor’s lawsuit against Binance
22 Maio 2025 - 9:38AM
Cointelegraph


The United Kingdom’s Court of Appeal has partially dismissed a
lawsuit brought by Bitcoin SV investors against major crypto
exchanges, including Binance, for allegedly conspiring to delist
the token in 2019.
In a judgment handed down on May 21, the court ruled
that investors who held BSV through the delisting period
(classified as “sub-class B”) were not entitled to billions in
speculative damages based on BSV’s hypothetical growth.
These investors had claimed over 8.9 billion British pounds
($11.9 billion) in damages, asserting that Binance’s delisting
deprived holders of the chance to profit from BSV’s potential rise
to a “top-tier cryptocurrency” like Bitcoin (BTC) or Bitcoin Cash (BCH).
The court rejected this “foregone growth effect” theory,
stating, “BSV was obviously not a unique cryptocurrency without
reasonably similar substitutes,” pointing to the representative’s
own use of Bitcoin and Bitcoin Cash as comparators.
Sub-class B’s central claim was that delisting led to a missed
opportunity to benefit from price appreciation. However, the court
determined that those investors had ample chance to mitigate losses
by selling or reinvesting in other crypto assets.
“They had a duty to mitigate their losses,” wrote Master of the
Rolls Sir Geoffrey Vos. “They cannot recover losses that they could
reasonably have mitigated.”
UK court ruling against Bitcoin SV investor’s lawsuit.
Source: Caselaw
Related: Bitcoin SV investors attempt to resurrect
2019 Binance lawsuit
Court strikes down “loss of a chance” argument
The appeal also challenged the Tribunal’s application of the
“market mitigation rule,” arguing that such issues should be left
for trial.
The court dismissed that notion, stating the rule clearly
applies to freely tradable assets like BSV, and that the damages
must be measured shortly after the delisting.
An additional argument concerning the “loss of a chance” to
benefit from future price gains was also struck down. The court
ruled it “flawed as a matter of principle,” noting that
“cryptocurrencies are, by their nature, volatile investments.”
Binance’s limited strike-out application ultimately succeeded,
with the court stating that even if some holders were unaware of
the delisting, “they could never claim more than the total value of
their holding before the delisting events plus any quantifiable
consequential losses.”
Related: Binance wants arbitration for all members
of securities class suit
Binance seeks to dismiss FTX lawsuit
On May 16, Binance filed a motion to dismiss a $1.76 billion lawsuit
filed by the FTX estate, arguing that the claims are legally flawed
and an attempt to shift responsibility for FTX’s collapse.
The exchange stated the downfall of FTX stemmed from internal
fraud, not external manipulation, citing Sam Bankman-Fried’s
conviction on multiple fraud charges.
Binance has asked the court to dismiss all claims with
prejudice. The FTX estate has not yet filed its response.
Magazine: TradFi is building Ethereum L2s to
tokenize trillions in RWAs: Inside story
...
Continue reading UK court partially dismisses
Bitcoin SV investor’s lawsuit against Binance
The post
UK court partially dismisses Bitcoin SV investor’s
lawsuit against Binance appeared first on
CoinTelegraph.
Bitcoin Cash (COIN:BCHUSD)
Gráfico Histórico do Ativo
De Mai 2025 até Jun 2025
Bitcoin Cash (COIN:BCHUSD)
Gráfico Histórico do Ativo
De Jun 2024 até Jun 2025