BSV Lawsuit Revived: Investors Seek Compensation Over Binance’s Delisting

Investors involved in the Bitcoin SV (BSV) project are reviving their lawsuit against Binance, claiming that the crypto exchange’s delisting decision significantly impacted BSV’s value and market visibility. They argue that this move triggered a cascade effect on the cryptocurrency, hindering adoption and growth. The case was initially dismissed by the UK Competition Appeal Tribunal in 2024, but now plaintiffs are seeking a retrial, highlighting how the delisting contributed to the token’s current downtrend. BSV has struggled to gain traction since its creation as a fork from Bitcoin Cash, facing multiple 51% attacks and encountering regulatory challenges. The lawsuit comes amid ongoing scrutiny of Binance’s relationship with controversial figurehead Craig Wright, who claims to be Bitcoin’s inventor. This situation marks one of the largest legal battles in the cryptocurrency world, potentially influencing future exchange policies and BSV’s trajectory.