In a high-stakes legal twist, Bitcoin SV (BSV) investors are making waves in the UK courts, attempting to breathe new life into a “loss of chance” claim against crypto exchange giant Binance. At the heart of the matter is a staggering $13.3 billion lawsuit, with BSV investors seeking the court’s nod to pursue what they argue is the most severe penalty possible against the exchange.
Investors’ Bold Move
The investors’ legal maneuver comes as they seek to hold Binance accountable for allegedly undermining BSV’s market position. This unfolding drama is rooted in allegations that Binance’s actions—or lack thereof—may have contributed to significant financial losses for those holding Bitcoin SV. “Our clients believe there was a calculated move that led to a loss of opportunity,” says Marcus Fields, a legal analyst familiar with the case. “The stakes couldn’t be higher, as the ramifications extend beyond just the financial.”
The core argument hinges on Binance’s previous delisting of BSV back in April 2019, a move that investors claim was a seismic blow to the cryptocurrency’s market standing. At the time, Binance cited BSV’s conduct and community behavior as reasons for the delisting, a move that was mirrored by other exchanges. This action, investors argue, stripped them of the chance to capitalize on the cryptocurrency’s potential growth—hence the “loss of chance” claim. This mirrors recent events, such as Movement Labs’ suspension of Rushi Manche amid Coinbase delisting, highlighting the ongoing impact of exchange decisions on token valuations.
The Ripple Effect on Markets
The potential revival of this claim has sent ripples through the cryptocurrency market. If successful, it could set a precedent for how exchanges handle delistings and their subsequent impact on token valuations. “Exchanges have a lot of power, and this case could redefine the limits of that power,” notes Clara Jensen, a crypto market strategist. “It’s a reminder of the delicate ecosystem we operate in, where one decision can tip the scales.”
In response to the unfolding legal battle, Binance has maintained its stance, emphasizing its commitment to protecting users and the broader crypto community. However, the case raises pertinent questions about the responsibilities exchanges bear and the transparency required in their decision-making processes. This is particularly relevant in light of World Liberty’s stablecoin being used to close MGX’s $2B Binance investment, which underscores the complex dynamics between exchanges and major financial movements.
A Glimpse into the Past
To truly grasp the gravity of this legal saga, let’s rewind a bit. Bitcoin SV emerged from a fork of Bitcoin Cash in 2018, positioning itself as a blockchain that adheres more closely to the original vision of Bitcoin. Despite early enthusiasm, its journey has been peppered with controversies and skepticism, not least due to its association with Craig Wright, who has controversially claimed to be Bitcoin’s mysterious creator, Satoshi Nakamoto.
BSV’s delisting by Binance wasn’t merely a business decision; it was a flashpoint in the crypto world that sparked debates about decentralization, the role of exchanges, and the ethos of the crypto community as a whole. Fast forward to 2025, and this case is dredging up those same debates, with potential implications for future crypto regulations and exchange operations.
What’s Next?
As the UK courts deliberate on whether to reinstate the “loss of chance” claim, the crypto community watches with bated breath. Should the investors succeed, it could embolden other token holders to seek redress in similar situations—raising questions about whether such legal avenues are beneficial for the industry’s growth or merely open the floodgates to litigation.
The coming months are poised to be pivotal, not just for the parties involved but for the broader crypto landscape. With potential regulatory implications on the horizon, this case could very well be a watershed moment in crypto history. Whether this legal endeavor will reshape the relationship between exchanges and investors is yet to be seen, but one thing’s for sure: the outcome will be closely scrutinized by both advocates and skeptics of decentralized finance alike.
As the legal wrangling continues, the spotlight remains firmly on Binance and the UK courts. For now, the crypto world waits, watches, and wonders—what will the verdict mean for the future of digital assets?
Source
This article is based on: Bitcoin SV Investors File to Revive ‘Loss of Chance’ Claim in $13.3 Billion Case With Binance
Further Reading
Deepen your understanding with these related articles:
- Eric Trump: USD1 will be used for $2B MGX investment in Binance
- UK’s FCA Seeks Public and Industry Views on Crypto Regulation
- U.S. Congress Braces for Intense Debate Over Crypto Legislation This Summer (openai)
Steve Gregory is a lawyer in the United States who specializes in licensing for cryptocurrency companies and products. Steve began his career as an attorney in 2015 but made the switch to working in cryptocurrency full time shortly after joining the original team at Gemini Trust Company, an early cryptocurrency exchange based in New York City. Steve then joined CEX.io and was able to launch their regulated US-based cryptocurrency. Steve then went on to become the CEO at currency.com when he ran for four years and was able to lead currency.com to being fully acquired in 2025.
