UK court dismisses BSV investor’s $11.9 billion lawsuit against Binance
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Odaily Planet News - The UK Court of Appeal has partially rejected a lawsuit by Bitcoin SV (BSV) investors against major cryptocurrency exchanges, including Binance, which alleged that these exchanges jointly delisted BSV in 2019, causing investor losses. The court ruled that the 8.9 billion pound (approximately 11.9 billion USD) claim lacks merit, stating that investors are responsible for mitigating losses through selling or reinvesting. The court noted that BSV is not an irreplaceable crypto asset, and investors could have chosen alternative similar assets such as Bitcoin or Bitcoin Cash. Additionally, the court dismissed investors' claims about "missed appreciation opportunities", determining that such a theory is not valid in the context of highly volatile crypto assets. (Cointelegraph)
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