The UK Supreme Court dismissed an appeal in the $13 billion BSV case.
PANews reported on December 16th that, according to Decrypt, the UK Supreme Court last week rejected an appeal filed by BSV investors seeking over $13 billion in damages from major cryptocurrency exchanges. The appeal stemmed from losses incurred after major exchanges like Binance and Kraken delisted the BSV token in 2019, leading to a continuous decline in its value. The latest proceedings and leave to appeal were handled by three judges, who ultimately rejected the appeal.
The appellant, BSV Claims Limited, claimed that the token's value immediately plummeted after it was delisted, and its potential growth was hampered, causing token holders to suffer "immediate and ongoing effects" and losses due to "missed growth potential." In July 2024, the UK Competition Appeal Tribunal rejected the appellant's claim of "missed growth potential," denying the assumption that BSV would eventually grow to the same value as Bitcoin. In May of this year, the appellant attempted to revise this claim, but it was again rejected.
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