UK court dismisses BSV investors’ multi-billion-dollar lawsuit against Binance and other crypto exchanges
Date: 2025-05-23 Author: Oliver Abernathy Categories: BUSINESS
The UK Court of Appeal has dismissed a lawsuit brought by a group of Bitcoin Satoshi Vision (BSV) investors against cryptocurrency platforms including Binance. The lawsuit was based on an alleged coordinated decision to delist BSV in 2019, which the plaintiffs say cost them more than £8.9 billion (approximately $12 billion).
The ruling, handed down on May 21, did not recognize the investors’ right to compensation based on the estimated increase in BSV’s value that would have occurred had the asset remained listed on major exchanges. The court found that the claim that BSV could take a position on par with cryptocurrencies such as Bitcoin or Bitcoin Cash was not well-founded.
In its ruling, the court emphasized that BSV is not an exclusive digital asset and has obvious alternatives in the form of other cryptocurrencies. Moreover, the court drew attention to the speculative nature of such claims, noting that the cryptocurrency market is inherently unstable and any investment in it is accompanied by a high level of uncertainty.
It was separately noted that investors had the opportunity to reduce potential losses by transferring funds to other assets or selling BSV before losing liquidity. Even if some token holders were not aware of the exchanges' plans to delist, according to the court, they have no right to claim compensation exceeding the value of their assets at the time before the token was excluded from trading platforms, with the exception of documented losses.
The decision set a strong precedent for similar cases, highlighting the UK court system's stance on hypothetical losses in high-risk investments. The court effectively ruled that the impossibility of realising potential profits in the event of an adverse market development cannot serve as a sufficient basis for claims against trading platforms.
