365int
Investors in Bitcoin SV (BSV) are trying to bring a massive $9 billion lawsuit against Binance back to life.
They claim Binance’s 2019 decision to delist BSV crushed the altcoin’s long-term prospects. After the July 2024 dismissal in UK courts, their lawyers now want the ruling overturned.
They argue the delisting stripped BSV of investor confidence, crushed its price, and blocked access to mainstream crypto markets.
At its core, BSV is a fork of Bitcoin Cash, which itself forked from Bitcoin. But BSV never caught on—delistings, 51% attacks, and poor adoption have kept it down. It now trades around $42.
Binance removed BSV because of Craig Wright, its founder, who kept claiming he was Satoshi Nakamoto. That didn’t sit well with Binance’s former CEO CZ, who publicly threatened delisting unless Wright stopped.
Investors now want up to £10 billion (~$13 billion) in damages. Ironically, BSV jumped 15% on the lawsuit news—but it’s still stuck in a long-term downtrend.
