In brief
- Bitcoin SV investors are appealing to have their “forgone growth effect” claim reinstated against Binance, arguing they lost over $13 billion when BSV was delisted in 2019.
- The Competition Appeal Tribunal previously rejected this specific claim, ruling that most investors could have mitigated losses by trading BSV for other cryptocurrencies.
- The case is part of a larger class action against multiple exchanges that delisted BSV, complicated by allegations that BSV creator Craig Wright falsely claimed to be Bitcoin’s inventor.
Bitcoin SV (BSV) investors have asked the UK Court of Appeal to readmit their claim that Binance’s delisting of BSV in April 2019 caused them to lose out on significant growth in the value of their holdings.
In July 2024, the Competition Appeal Tribunal struck out a particular element of the group’s complaint, which argued that the Binance delisting resulted in a “forgone growth effect,” preventing BSV from developing into a “top tier” cryptocurrency.
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Author: Simon Chandler
