US EditionBitcoin SV investors attempt to resurrect 2019 Binance lawsuit
- Investors in Bitcoin SV are seeking to reinstate a 2019 lawsuit in the UK against Binance, challenging the exchange's decision to delist BSV in April 2019 and claiming it led to significant financial losses.
- The lawsuit arises from claims that Binance and other exchanges colluded to delist BSV due to founder Craig Wright's behavior and false claims of being Bitcoin's creator.
- The investors argue that Binance's delisting caused a long-term price decline and suppressed BSV's potential growth as a major digital asset, seeking damages up to £10 billion .
- After a UK Competition Appeal Tribunal dismissed the 'loss of chance' claim in July 2024, the investors argue that the removal of BSV from Binance resulted in a sustained reduction in value, justifying a full trial.
- If successful, the case could set a precedent for cryptocurrency market competition law, but experts note significant legal challenges and uncertainty about recovering large damages remain.
This story is only covered by news sources that have yet to be evaluated by the independent media monitoring agencies we use to assess the quality and reliability of news outlets on our platform. Learn more here.13 Articles
13 Articles
Bitcoin SV investors seek to revive 2019 Binance lawsuit
After a period of dormancy, investors in Bitcoin SV have revived a lawsuit against Binance from 2019. The legal battle centers around allegations of market manipulation and the delisting of BSV from the cryptocurrency exchange. The resurgence of this lawsuit demonstrates the ongoing controversy and legal challenges within the cryptocurrency space. Bitcoin SV, a controversial cryptocurrency that emerged from a hard fork of Bitcoin Cash, has faced…
Bitcoin SV investors attempt to resurrect 2019 Binance lawsuit - TECHTELEGRAPH
Investors of Bitcoin Satoshi’s Vision (BSV) — a hard fork of Bitcoin Cash (BCH), which itself is a hard fork of the Bitcoin (BTC) protocol, are attempting to revive a 2019 lawsuit against crypto exchange Binance for delisting the altcoin, which the litigants claim stunted the price of BSV. According to Law360, attorneys for the plaintiffs argued that a July 2024 decision from the UK Competition Appeal Tribunal dismissing the “loss of chance” c…
Coverage Details
Bias Distribution
- There is no tracked Bias information for the sources covering this story.
To view factuality data please Upgrade to Premium
Ownership
To view ownership data please Upgrade to Vantage
