Crypto Exchanges Face $9B Lawsuit Over Bitcoin SV Delisting

Crypto Exchanges Face $9B Lawsuit Over Bitcoin SV Delisting

PENGY June 6, 2024, 6:02 am Facebook Twitter


The post Crypto Exchanges Face $9B Lawsuit Over Bitcoin SV Delisting appeared first on Coinpedia Fintech News

The Competition Appeal Tribunal is hearing a high-stakes legal challenge brought by BSV Claims Ltd against several major cryptocurrency exchanges, including Binance, Kraken, and ShapeShift. The 2019 delisting of Bitcoin SV (BSV) allegedly deprived Bitcoin SV investors of significant growth opportunities. BSV demands a staggering $9 billion in compensation for BSV holders. However, the defendants argue that BSV investors had ample opportunity to sell their tokens following the delisting announcements and could have reinvested in other cryptocurrencies, mitigating potential losses. They further stated that BSV holders should not be compensated for lost opportunities.

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