BSV investors try to restart 2019 lawsuit against Binance

PANews May 11th news, according to Cointelegraph, Bitcoin SV (BSV) investors are trying to restart a 2019 lawsuit against Binance, accusing Binance of removing BSV from the shelves, causing its price to fall for a long time. Plaintiff’s lawyers argue that a ruling from the British Competition Appeal Court in July 2024 rejected a “loss of opportunity” claim against Binance’s removal of the token, which should be reconsidered. The plaintiff asked for $9 billion in the original case, and if the lawsuit is restarted, the plaintiff seeks up to 10 billion pounds (GBP), or approximately $13 billion.

In April 2019, Binance announced that BSV failed to meet its listing standards due to the actions of BSV founder Craig Wright. Craig Wright is notorious in the cryptocurrency world for lying that he is Satoshi Nakamoto, the founder of Bitcoin. Subsequently, Binance removed BSV.