The UK Supreme Court has officially refused to hear an appeal in a massive $13 billion lawsuit filed by Bitcoin Satoshi Vision (BSV) investors against major crypto exchanges, including Binance and Kraken.
This decision upholds earlier court rulings related to BSV’s 2019 delisting, effectively ending the case and delivering a major legal win for crypto exchanges.
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📌 What Happened?
The lawsuit was filed by BSV Claims Limited, representing nearly 243,000 UK-based BSV holders
Investors alleged that exchanges coordinated the delisting of BSV, violating UK competition law
BSV was delisted by multiple platforms between April–June 2019 following serious controversy around the project
Named exchanges included Binance, Kraken, ShapeShift, and Bittylicious
Claimants argued the delisting caused BSV’s price collapse and blocked its future growth
A subgroup of around 75,000 investors even claimed damages for “lost future growth”, arguing BSV could have rivaled Bitcoin.
⚖️ The Court of Appeal rejected this theory in May, ruling that investors should have mitigated losses by selling when markets were still available.
On December 8, the UK Supreme Court confirmed:
> The application does not raise any arguable point of law or public importance.
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🔍 Why This Matters
✅ Sets a strong legal precedent for exchange delistings
✅ Confirms exchanges are not liable for speculative future gains
✅ Rejects the idea that courts can be used to revive failed or controversial crypto projects
Crypto lawyer Irina Heaver summed it up perfectly:
> “Repeated litigation cannot replace market trust. Courts are not a tool to reverse reputational decline.”
She also emphasized:
> “Delisting is not market abuse. Trust and risk management are fundamental in crypto.”
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Bitcoin is up +2,300% since BSV’s delisting and has hit new all-time highs above $124,000
BSV is still trading around $18–$19, showing a clear divergence
📉 The market already delivered its verdict.
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🧠 Final Take
This ruling sends a loud and clear message:
Exchanges have the right to protect users and platforms
Speculative narratives ≠ legal damages
Market trust matters more than courtroom battles
A big win for Binance, Kraken, and the broader crypto industry.
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💬 What’s your view on exchange delistings?
Are they necessary risk management — or unfair power?
#CryptoNews #Binance #BSV #Bitcoin #CryptoRegulation #MarketIntegrity #BinanceSquar
