de
zh
fr
es
tr
pt
nl
ru
uk
hiThe court rejected the "Satoshi Nakamoto company"' $12 billion lawsuit against crypto exchanges
The UK Supreme Court rejected an appeal by BSV Claims, which sought $12 billion in damages from major crypto exchanges for delisting trading pairs with the Bitcoin Satoshi Vision (BSV) cryptocurrency.
BSV Claims was founded by Australian entrepreneur Craig Wright, who claims to be the anonymous creator of Bitcoin, known as Satoshi Nakamoto.
In 2024, BSV Claims stated that the delisting of BSV from crypto exchanges had negatively impacted the coin's value and slowed its growth, preventing BSV from becoming a competitor to Bitcoin. Since BSV's delisting in April 2019, the price of BTC has increased by 2,322%, reaching an all-time high of $124,700, while the price of BSV has fallen by 94%, to just $19.
This is the third time BSV Claims' claim has been dismissed. The company first appealed to the London Competition Appeal Tribunal in 2024, but the tribunal rejected its claims of "lost growth and lost opportunity" for BSV to appreciate.
BSV Claims then appealed to the Court of Appeal, which also dismissed the company's claim. The court explained that BSV holders were not entitled to multi-billion-dollar compensation, as they should have taken steps to prevent losses themselves after learning of the coin's delisting. The court also noted that even if BSV holders had been unaware for a long time, they could not claim an amount greater than the total value of their assets before the delisting of trading pairs from exchanges, nor could they claim compensation for consequential losses.
Rao Cash Analytical Digest: Crypto Market Insights
In a rapidly evolving blockchain industry, timely access to verified data is a decisive factor for successful capital management. The Rao Cash portal provides a comprehensive ecosystem for monitoring global trends, combining deep technical analysis, latest crypto news, Decentralized Finance (DeFi) reviews, and institutional capital flow reports.
A special place in our infrastructure is held by the RAO token — a high-tech asset ensuring synergy between information content and practical investment tools. We analyze the volatility of leading cryptocurrencies, changes in smart contract protocols, and key exchange events so that our users can identify bullish patterns and react to market corrections in time.
The use of advanced aggregation algorithms allows us to filter out information noise, highlighting only fundamentally significant events. By staying with us, you receive expert support in the world of digital assets. Remember that informed trading and long-term investment in the RAO ecosystem is the path to financial independence in the era of the new digital economy.
