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The UK Court of Appeal has dismissed the majority of a $13.3 billion class action against binance/?utm_source=CVJ.Ai&utm_medium=glossary&utm_id=CVJ.AI" target="_blank">Binance, rejecting claims that Bitcoin SV (BSV) would have matched Bitcoin’s value if not delisted in 2019. The court ruled the damages were speculative and unsupported by evidence.
- The court rejected the 'foregone growth effect' theory, which argued BSV would have matched Bitcoin's value if not delisted.
- Investors were deemed responsible for mitigating losses by selling BSV in an open market, per the 'market mitigation rule.'
- Smaller claims, such as those from investors who lost access to BSV or sold at a loss, may still proceed despite the dismissal.
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