Binance, Kraken Face £10 Billion Lawsuit Over Alleged Collusion in Bitcoin SV Delisting

June 6, 2024
Binance, Kraken Face £10 Billion Lawsuit Over Alleged Collusion in Bitcoin SV Delisting
  • Binance, Kraken, Shapeshift, and Bittylicious are facing a 10 billion GBP lawsuit in London.

  • The lawsuit alleges that the exchanges colluded to delist Bitcoin SV (BSV) in 2019.

  • The plaintiff, BSV Claims Ltd, asserts that this behavior was anti-competitive and led to the devaluation of BSV.

  • Binance and Kraken are attempting to dismiss claims related to BSV's potential, arguing investors could sell their holdings.

  • The case involves 240,000 UK investors and is supported by Craig Wright, who falsely claims to be Satoshi Nakamoto.

  • The trial, overseen by the UK's Competition Appeal Tribunal, is set to conclude on June 7th.

  • Wright plans to appeal the ruling in separate litigation.

  • Binance and Kraken have denied the allegations, with Kraken citing threats and legal actions from the BSV team as reasons for delisting.

Summary based on 6 sources


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