British court partially dismisses lawsuit against Binance
UK court dismisses $13.4B BSV lawsuit against Binance and other exchanges
The UK Court of Appeal has thrown out the largest part of a lawsuit seeking $13.4 billion in damages from Binance and other exchanges over the 2019 delisting of Bitcoin SV (BSV).
Investors claimed the delisting destroyed BSV’s opportunity to become a leading cryptocurrency and sought speculative compensation based on potential future gains, reports Cryptopolitan.
However, the court firmly rejected this argument, ruling that digital assets like BSV are inherently volatile and cannot be treated as if they are guaranteed to rise in value. The judges emphasized that investors can only seek damages for real, quantifiable losses — not imagined profits.
Crypto Volatility Undermines Growth-Based Claims
The court found that the legal theory known as the “foregone growth effect” was not valid in this case. BSV, it argued, was not a unique asset without substitutes, citing the investor group’s own comparisons to Bitcoin and Bitcoin Cash.
In its ruling, the court noted that cryptocurrencies function more like stocks or financial derivatives than property, meaning investors must assume the risks of market fluctuations. It also said that once investors were aware of the delisting, their decisions to hold or sell BSV were their own responsibility, and any future performance could not be pinned on the exchanges.
Limited Claims May Still Proceed
While Binance and other exchanges like Kraken, ShapeShift, and Bittylicious saw the most significant claims dismissed, the court left the door open for smaller claims to move forward. These include investors who suffered specific losses — such as being unable to access their BSV after delisting or forced to sell at depressed prices.
The case underscores the legal uncertainty surrounding crypto investor protections and comes as the UK prepares to enforce new crypto tax reporting rules from January 2026. These measures aim to improve transparency and accountability across the digital asset sector.
Recently we wrote that Binance takes a major step toward expanding crypto payment solutions in Latin America by officially integrating Binance Pay with Pix — Brazil’s national instant payment system.
