【UK Supreme Court Rejects $13 Billion BSV Case Appeal】
Last week, the UK Supreme Court dismissed an appeal filed by BSV investors in a case where the investors sought to claim over $13 billion from a well-known cryptocurrency exchange. This appeal stemmed from losses incurred after major crypto exchanges like Binance and Kraken delisted the BSV token in 2019, leading to a continuous decline in the token's value. The latest legal proceedings and appeal permission were overseen by three court judges, who ultimately rejected the appeal. The appellant—BSV Claims Limited—argued that the token's value plummeted immediately after it was delisted, and potential growth was hindered, causing token holders to suffer “immediate and ongoing effects” as well as losses from “missed growth opportunities.” In July 2024, the UK Competition Appeal Tribunal dismissed the appellant's claim regarding “missed growth opportunities,” rejecting the assumption that BSV would eventually grow to equal the value of Bitcoin. In May of this year, the appellant attempted to reassert this claim but was again dismissed.
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