The UK Supreme Court rejects the appeal in the $13 billion BSV case

According to market news, last week the UK Supreme Court rejected an appeal filed by BSV investors in a case where the investors attempted to claim over $13 billion from a well-known cryptocurrency exchange.

The appeal stemmed from losses incurred after mainstream cryptocurrency exchanges like Binance and Kraken delisted the BSV token in 2019, causing its value to plummet. The latest litigation process and appeal permission were overseen by three court judges, who ultimately rejected the appeal.

The appellant—BSV Claims Limited—claimed that the value of the token immediately dropped after it was delisted, and its potential growth was hindered, resulting in "immediate and ongoing impacts" as well as losses from the "missed growth effect" for token holders. In July 2024, the UK Competition Appeal Tribunal dismissed the appellant's claim regarding the "missed growth effect," rejecting the assumption that BSV would eventually grow to a value equivalent to Bitcoin. In May of this year, the appellant attempted to reassert this claim but was rejected again.