- BSV investors are reviving a lawsuit against Binance after a prior rejection by the UK Competition Appeal Tribunal.
- A UK judge highlighted BSV’s lost potential growth of 3,600x due to Binance delisting.
The ongoing legal battle between Bitcoin SV (BSV) investors and Binance has heated up again. After being dismissed by the UK’s Competition Appeal Tribunal (CAT) in July 2024, the lawsuit filed by BSV Claims Limited is now trying to get back on the appeal path, according to Law360.
They accuse Binance and several other exchanges, such as Kraken and ShapeShift, of harming BSV holders by delisting the token from their platforms since 2019. According to the claim, the move caused huge losses—estimated to be as much as £10 billion, or around $13 billion.
In the latest court hearing held on May 8, 2025, a shocking statement was made by the judge. He said that the potential growth of BSV lost due to the delisting could be as much as 3,600 times its initial value.
From the Philippines to Latin America, Bitcoin SV Keeps Moving
While the legal case is still ongoing in the UK courts, BSV is also expanding on the ground. On February 27, 2025, the token was officially listed on Coinstore, an international crypto exchange with a large active user base in the Philippines.
BSV’s entry into Coinstore expands its reach to both retail and institutional investors, especially since the platform is known for emphasizing regulatory compliance and low transaction fees—two things that are quite attractive to emerging markets.
Furthermore, on April 28, 2025, BSV Blockchain announced their move to expand into Latin America. The reasoning is quite reasonable—the region is considered to have an urgent need for technological solutions, including blockchain, to address ongoing economic and political challenges. BSV’s entry into this market shows that they are not done yet despite being plagued by legal issues.
However, there is one weak point in their legal argument. In the latest court hearing, the judge briefly mentioned the claim that BSV is the legitimate successor to Bitcoin.
When asked to provide evidence, BSV’s legal team admitted that they do not yet have any concrete evidence and plan to present it later in court. This could certainly be a loophole that the defendants can exploit to refute the entire narrative they have built from the start.
On the other hand, some market analysts continue to monitor BSV’s movements with quite optimism. According to CoinStats, the BSV price prediction could reach $117 in 2025, and possibly touch $163 in 2030. But yes, as usual, the crypto market is like a roller coaster—nothing is really certain.
Meanwhile, as of press time, BSV is swapping hands at about $41.94, up 13.70% over the last 7 days and 49.48% over the last 30 days.
Credit: Source link
