UK Supreme Court rejects $13 billion BSV investor appeal

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Yaroslav Dmytrenko

16.12.2025

UK Supreme Court rejects $13 billion BSV investor appeal — UK court dismisses $13B lawsuit over BSV delistings

The UK Supreme Court has rejected a £13 billion (approximately $13 billion) class appeal brought by Bitcoin Satoshi Vision (BSV) investors against major cryptocurrency exchanges.

The appeal stemmed from losses suffered by the BSV token after it was delisted from major crypto exchanges such as Binance and Kraken in 2019. The claim argued that the delistings had an immediate negative impact on BSV’s price and long-term growth potential, preventing it from reaching valuations comparable to Bitcoin. Since then, BSV has fallen more than 96% from its all-time high reached in 2021.

The claimants, represented by BSV Claims Limited, argued that token holders suffered both an “immediate and lasting effect” and a “loss of growth effect.” These claims referred to the sharp decline in BSV’s value following the delistings and the alleged suppression of its future growth potential.

BSV was launched in 2018 as an attempt to “restore” what its creators described as the original vision of Bitcoin’s pseudonymous creator, Satoshi Nakamoto. It emerged as a hard fork of Bitcoin Cash, which itself is a fork of Bitcoin. However, neither asset currently comes close to Bitcoin’s market value.

In July 2024, the UK Competition Appeal Tribunal dismissed the claim related to “loss of chance,” rejecting the assumption that BSV would have eventually grown to match Bitcoin’s value. In May 2025, the claimants attempted to revive the case, but it was again rejected, reaffirming the 2024 ruling. This time, the court applied the “market mitigation rule,” which requires claimants to take reasonable steps to reduce losses when functioning markets are available.

In the latest decision, a panel of three judges denied permission to appeal. “The application does not raise an arguable point of law or a question of general public importance,” concluded Lord Hodge, Lord Sales, and Lady Rose.

In essence, the court ruled that BSV investors should have attempted to mitigate their losses once the delistings became apparent.

BSV’s struggles and the “Satoshi” controversy

Following news of the court defeat, BSV fell to a record low of $18.15 and is currently trading slightly above that level. Last year, the token also declined after a UK court ruled that Craig Wright—the creator of BSV—is not, in fact, Bitcoin’s pseudonymous creator Satoshi Nakamoto, as he had claimed.

BSV price dynamics over 30 days. Source: CoinMarketCap

Coinbase fully discontinued support for BSV in 2021 after the network suffered a 51% attack and became unstable. Nevertheless, around a dozen mid-sized exchanges, including MEXC, Gate.io, and KuCoin, continue to list BSV.

While BSV’s price has followed a prolonged downward trend recently, Bitcoin has continued to rise and set new highs, most recently reaching a peak above $126,000 in October. At the time of writing, Bitcoin was trading at $86,284, more than 30% below that high.

As we wrote, BSV today news: Bulls advance above Ichimoku support — rebound faces longer-term downtrend pressure

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