BSV Holders Relitigate 2019 Binance Delisting—Because Nothing Says ’Crypto Winter’ Like Chasing Lost Coins
Six years later, BSV investors are dusting off their legal playbook—because in crypto, even dead horses get beaten.
Binance’s 2019 delisting decision torpedoed BSV’s price. Now claimants argue the exchange acted ’anti-competitively.’ Never mind that BSV’s subsequent 98% crash might’ve had other causes.
Legal Hail Mary or justified grievance? Either way, it’s a masterclass in how crypto investors treat exchanges like casinos—then sue when the roulette wheel stops spinning their way.
BSV Backers Blame Binance Delisting for Altcoin’s Decline
They argue that Binance’s decision to delist BSV, along with similar actions by other major exchanges, effectively suppressed the altcoin’s market potential.
The original claim sought $9 billion in damages, but the investors now say they could pursue up to £10 billion (approximately $13 billion) if the case moves forward.
The legal team contends that BSV never recovered from the delistings and continues to underperform due to lack of visibility and trading access.
Despite a 15% price bump following news of the revived legal effort, BSV remains in a persistent downtrend and has failed to gain meaningful market share or network power relative to Bitcoin.
Today we are at the Royal Court of Justice in London
The case is "BSV Holdings Limited" vs crypto exchanges such as @krakenfx and @binance. It is over the delisting of the BSV coin in 2019 and BSV holders are asking for £9 billion. The exchanges tried to stop the case going to… pic.twitter.com/0tITwdvrCz
Binance removed BSV in April 2019, citing concerns over its listing standards.
The MOVE followed repeated claims by BSV’s creator, Craig Wright, who has long asserted—without proof—that he is Satoshi Nakamoto, Bitcoin’s pseudonymous founder.
Former Binance CEO Changpeng Zhao had publicly warned that Wright’s behavior could result in delisting.
Since then, BSV has also been the target of several 51% attacks, undermining trust in its blockchain’s security and stability.
These setbacks have only deepened skepticism about the project’s viability, even as its backers press ahead with legal action.
CZ Confirms Pardon Request After Initial Denial
Last week, CZ confirmed that he has formally applied for a presidential pardon, weeks after initially denying reports of such a move.
Speaking on the Farokh Radio podcast aired May 6, Zhao said his legal team filed the request following widespread media speculation.
“I got lawyers applying,” Zhao said during the interview, saying that he ultimately decided to move forward after stories from Bloomberg and The Wall Street Journal suggested he was pursuing a pardon from former U.S. President Donald Trump.
“If they’re writing this article, I may as well just officially apply,” Zhao added.
The former crypto mogul pleaded guilty to violating the Bank Secrecy Act in November 2023 as part of a settlement with U.S. authorities.
The agreement led to Binance paying $4.3 billion in fines, with Zhao personally contributing $50 million.
He was sentenced to four months in prison and barred from holding any management position at Binance as a condition of the deal.
Zhao has since shifted focus to international advisory work, offering guidance to governments in Pakistan and Kyrgyzstan on crypto regulation and blockchain integration.
