UK Court Slams Door on Bitcoin SV Holders’ $13.3B Lawsuit Against Binance
Another day, another crypto courtroom drama—except this time, the plaintiffs left empty-handed. The UK Appeals Court just tossed a $13.3 billion damages claim by Bitcoin SV investors targeting Binance, dealing another blow to the ’sue first, ask questions later’ crowd.
No surprises here: exchanges keep winning, bagholders keep whining. Maybe next time, they’ll read the terms of service before YOLO-ing into an altcoin even Craig Wright couldn’t love.
Lawsuit narrowed
The judgment narrows the lawsuit, which also targets Kraken, ShapeShift, and Bittylicious over their 2019 delistings of the BSV token.
The BSV token, the full name of which is bitcoin Satoshi Vision, was created by Craig Wright, whose claim to be Bitcoin creator Satoshi Nakamoto was dismissed by a UK court earlier this year.
While the Appeal Court dismissed the largest part of the lawsuit against Binance, some smaller claims could still MOVE forward.
These include claims from investors who lost access to their BSV after it was removed from exchanges, or who sold it at a loss soon after the delisting.
