UK court dismisses $12 billion lawsuit against Binance over Bitcoin SV delisting

The plaintiffs claimed lost profits due to the delisting of the asset

British court rejects BSV investors’ claim against Binance and other crypto exchanges for $12 billion

22.05.2025 - 14:40

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2 min

What’s new? The UK Court of Appeal has dismissed a lawsuit filed by Bitcoin Satoshi Vision (BSV) investors against major crypto exchanges, including Binance, alleging a conspiracy to delist the token in 2019. In a May 21 decision, the court ruled that BSV holders during the delisting period are not entitled to compensation for speculative losses based on a hypothetical rise in BSV.

The court’s decision

What else is known? These investors sought damages of more than 8,9 billion pounds sterling ($11,9 billion), arguing that Binance’s delisting deprived them of the opportunity to profit from the potential rise of BSV to the level of a “top-tier cryptocurrency” such as bitcoin (BTC) or Bitcoin Cash (BCH).

The court rejected this “foregone growth effect” theory, stating that “BSV was obviously not a unique cryptocurrency without reasonably similar substitutes” such as BTC and BCH.

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The claim of this group of plaintiffs was that the delisting resulted in a missed opportunity to capitalize on the price increase. However, the court held that these investors had every opportunity to minimize their losses by selling or reinvesting in other crypto assets.

Separately, the court refuted the lost potential benefit argument by stating that “cryptocurrencies are, by their nature, volatile investments.”

The court also stated that even if some BSV holders were unaware of the delisting, “they could never claim more than the total value of their holding before the delisting events plus any quantifiable consequential losses.”

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