According to Foresight News , citing CoinDesk, the UK Supreme Court has rejected an appeal by BSV investors in a $13 billion lawsuit, upholding the lower court's ruling. The case stems from the 2019 delisting of BSV tokens by exchanges such as Binance, with investors alleging violations of competition law. The court held that the application failed to present a compelling legal argument, clearly stating that exchanges are not obligated to maintain liquidity for assets that the market no longer trusts, and rejected claims based on speculative future gains.
As previously reported by Foresight News , citing Cointelegraph, the UK Court of Appeal partially dismissed a lawsuit filed in May this year by BSV investors against several cryptocurrency exchanges, including Binance. The lawsuit alleged that these exchanges conspired to delist the BSV token in 2019, depriving them of the opportunity to profit from the potential appreciation of BSV, and sought $11.9 billion in damages. The court ruled that these investors had ample opportunity to mitigate their losses by selling or reinvesting in other cryptocurrency assets.
