UK court dismisses BSV investor’s $11.9 billion lawsuit against Binance

Odaily News The UK Court of Appeal recently partially dismissed a lawsuit filed by Bitcoin SV (BSV) investors against major cryptocurrency exchanges including Binance, alleging that these exchanges jointly delisted BSV in 2019, resulting in investor losses. The court ruled that the investors' claim for £8.9 billion (approximately $11.9 billion) was unfounded and that investors had a responsibility to mitigate their losses through sales or reinvestment. The court pointed out that BSV is not an irreplaceable crypto asset and that investors could have chosen other similar assets such as Bitcoin or Bitcoin Cash for investment. In addition, the court rejected the investors' claim of "missed appreciation opportunities", arguing that the theory did not hold true in the context of the high volatility of crypto assets. (Cointelegraph)