UK Supreme Court refuses BSV appeal, narrowing $13 billion lawsuit against crypto exchanges
The U.K.’s Supreme Court refused to hear an appeal in a long-running $13 billion lawsuit brought by Bitcoin Satoshi Vision (BSV) investors, supporting lower-court rulings that narrowed claims against major crypto exchanges over the token’s delisting.
In a brief decision released on Dec. 8, the court said BSV Claims Limited’s “application does not raise an arguable point of law or a point of law of general public importance”.
For exchanges such as Binance, which asked the U.K.’s Competition Appeal Tribunal (CAT) to dismiss the case, and other defendants, the Supreme Court’s refusal represents a significant legal victory and a signal that U.K. courts are unwilling to underwrite multibillion-dollar crypto claims built on…
