UK Supreme Court Refuses BSV Claims Limited's Appeal in $13B Lawsuit Against Crypto Exchanges
The UK Supreme Court has refused to hear BSV Claims Limited's appeal in a $13 billion lawsuit against several cryptocurrency exchanges related to their 2019 delistings of BSV. This decision, released on December 8, 2025, upholds earlier rulings from lower courts that narrowed the claims and weakened damages based on speculative future gains.
The case centers on allegations that crypto exchanges, including Binance, Kraken, Shapeshift, and Bittylicious, coordinated to remove BSV from their platforms, thereby breaching competition law. The Court of Appeal had previously ruled in May 2025 that holders of BSV who were aware of the 2019 delistings were required to mitigate their losses and could not recover damages for foregone growth.
This ruling represents a significant victory for the exchanges and indicates that UK courts are reluctant to support multibillion-dollar claims in the cryptocurrency sector that are based on hypothetical market outcomes.
