BSV Claims Limited has filed a class action lawsuit involving 243,000 people against four exchanges, claiming £9.9 billion

ChainCatcher news, according to Bloomberg, BSV Claims Limited has filed a class action lawsuit against four cryptocurrency exchanges, including Binance and Kraken, on behalf of UK residents who held BSV from April 2019 to July 2022, involving 234,000 people.

The lawsuit accuses the four exchanges of delisting BSV in 2019, resulting in losses for investors, seeking £9.9 billion (approximately $12.11 billion) in damages. The court is expected to make a ruling in the coming months on whether the case can proceed, according to a memorandum released by the law firm Crowell & Moring LLP. If the court decides that the claim can continue, it will mark the first time a UK court hears anti-competitive allegations involving digital assets.

It is reported that BSV Claims Limited was established in May 2022 to initiate a class action lawsuit against the exchanges for delisting BSV. The company's directors include former Lord Chancellor and Justice Secretary Robert Buckland and the first chairman of the UK's Competition and Markets Authority, David Currie. (source link)