Bitcoin SV Investors Push Legal Comeback Against Binance
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BSV investors are reviving a lawsuit against Binance after a prior rejection by the UK Competition Appeal Tribunal. A UK judge highlighted BSV’s lost potential growth of 3,600x due to Binance delisting. The ongoing legal battle between Bitcoin SV (BSV) investors and Binance has heated up again. After being dismissed by the UK’s Competition Appeal Tribunal (CAT) in July 2024, the lawsuit filed by BSV Claims Limited is now trying to get back on the appeal path, according to Law360. They accuse Binance and several other exchanges, such as Kraken and ShapeShift, of harming BSV holders by delisting the token from their platforms since 2019. According to the claim, the move caused huge losses—estimated to be as much as £10 billion, or around $13 billion. In the latest court hearing held on May 8, 2025, a shocking statement was made by the judge. He said that the potential growth of BSV lost due to the delisting could be as much as 3,600 times its initial value. From the Philippines to Latin America, Bitcoin SV Keeps Moving While the legal case is still ongoing in the UK courts, BSV is also expanding on the ground. On February 27, 2025, the token was officially listed on Coinstore, an international crypto exchange with a large active user base in the Philippines. BSV’s entry into Coinstore expands its reach to both retail and institutional investors, especially since the platform is known for emphasizing regulatory compliance and low transaction fees—two things that are quite attractive to emerging markets. Furthermore, on April 28, 2025, BSV Blockchain announced their move to expand into Latin America. The reasoning is quite reasonable—the region is considered to have an urgent need for technological solutions, including blockchain, to address ongoing economic and political challenges. BSV’s entry into this market shows that…
Filed under: News - @ May 11, 2025 12:22 pm