Bitcoin SV investors are seeking to revive a lawsuit against Binance in the UK Court of Appeal, claiming that Binance's 2019 delisting of BSV led to long-term financial losses.
The claim, if successful, could result in damages exceeding $13 billion, alleging that BSV was deprived of the opportunity to grow like Bitcoin due to the delisting.
The litigation accuses Binance and three other exchanges of anti-competitive behavior by coordinating the removal of BSV, potentially reshaping how digital assets are regulated under UK competition laws.
The legal proceedings have caused a brief spike in BSV's price, reflecting investor optimism about the case's outcome, while Binance's 2019 decision to delist BSV stemmed from industry criticism of the project's founder and technical flaws.