UK Supreme Court rejects appeal in $13 billion BSV case

According to ChainCatcher, market sources report that last week the UK Supreme Court rejected an appeal filed by BSV investors in a case where the investors sought over $13 billion in claims from a well-known crypto exchange.

This appeal originated from losses caused by the continuous decline in the value of BSV tokens after a certain exchange delisted BSV tokens in 2019. The latest legal proceedings and appeal permissions were handled by three court judges, who ultimately rejected the appeal.

The appellant—BSV Claims Limited—claimed that the value of the token dropped immediately after being delisted, and its potential growth was hindered, causing token holders to suffer an “immediate and ongoing impact” as well as losses from the “missed growth effect.” In July 2024, the UK Competition Appeal Tribunal dismissed the appellant’s claim regarding the “missed growth effect,” rejecting the assumption that BSV would eventually grow to the same value as bitcoin. In May this year, the appellant attempted to raise this claim again, but it was once again rejected.