Binance Asks UK Court to Dismiss £10B BSV Delisting Lawsuit

IconCryptoNewsTerminal Staff05 Jun, 2024

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Binance Asks UK Court to Dismiss £10B BSV Delisting Lawsuit

Binance has requested that the UK Competition Appeal Tribunal (CAT) dismiss a £10 billion ($13 billion) lawsuit related to its delisting of BSV. The lawsuit, filed by BSV, alleges that the delisting was anti-competitive and resulted in over £9 billion in lost profits for token holders. Binance's attorneys argue that BSV holders could have sold their tokens and invested in other cryptocurrencies. The case is set to conclude on June 7th. ```