The United Kingdom’s Court of Appeal ruled against Bitcoin SV investors seeking massive damages from several cryptocurrency exchanges, including Binance.
On May 21, the court dismissed claims tied to hypothetical price gains following the 2019 delisting of BSV.
A group of investors—known in the case as “sub-class B”—had sought over £8.9 billion ($11.9 billion) in compensation.
They argued the delisting erased their opportunity to benefit if BSV had evolved into a leading cryptocurrency like Bitcoin or Bitcoin Cash.
Court Says Missed Gains Are Speculative
The court rejected the argument that the delisting blocked BSV from becoming a top-tier asset.
Judges found this “foregone growth” theory speculative and flawed, stating BSV had clear alternatives in the market.
In fact, investors themselves referenced Bitcoin and Bitcoin Cash as comparables—undermining their claim of BSV’s uniqueness.
Sir Geoffrey Vos, Master of the Rolls, emphasized that investors had a responsibility to minimize losses.
“They had a duty to mitigate their losses,” Vos stated. “They cannot recover losses they could reasonably have avoided.”
Final Ruling Narrows Scope of Case
While some parts of the lawsuit remain active, this ruling significantly weakens the investors’ overall case.
The court’s decision sends a message: speculative damages based on what might have happened won’t stand in UK financial law.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/uk-court-rejects-binance-bsv-delisting-lawsuit-damages/