The UK Court of Appeal has partially dismissed a lawsuit from Bitcoin SV (BSV) investors against major cryptocurrency exchanges, including Binance, which they accused of conspiring to delist the token in 2019. The court ruled that the investors, classified as 'sub-class B,' were not entitled to the claimed $11.9 billion in damages, as they had opportunities to mitigate losses during the delisting. The court rejected the investors' claims based on a supposed 'foregone growth effect,' stating that BSV was not unique and had substitutes. It concluded that investors had a duty to act to mitigate losses by selling or reinvesting in other assets. Furthermore, the court dismissed challenges to the application of the 'market mitigation rule' and ruled against the notion of 'loss of chance' for future gains due to the inherent volatility of cryptocurrencies. The decision limits compensation to the total value of holdings before delisting plus any quantifiable consequential losses.

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