243,000 BSV Investors File Class Action Against Four Exchanges for £9.9 Billion

According to Bloomberg, BSV Claims Limited filed a class action lawsuit against four cryptocurrency exchanges including Binance and Kraken. This lawsuit will represent British residents who held BSV between April 2019 and July 2022, involving 234,000 people. The lawsuit alleges that the four exchanges delisted BSV in 2019 and caused investor losses, claiming 9.9 billion pounds (about 12.11 billion U.S. dollars). The court is expected to rule in the next few months on whether the case can move forward, according to a memorandum issued by law firm Crowell & Moring LLP. Anticompetitive Allegations of Digital Assets.

BSV Claims Limited was established in May 2022 to launch a class action against exchanges for delisting BSV. The company's directors include former justice and justice minister Robert Buckland and the first chairman of the UK Competition Market Authority, David Currie.

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