the judges of the United Kingdom dismiss the case for request of evidence
The post the judges of the United Kingdom dismiss the case for request of evidence appeared on BitcoinEthereumNews.com. In the United Kingdom, the judges have ruled on the case concerning Bitcoin SV and its delisting in 2019 on major crypto-exchanges like Binance. In particular, investors classified as “subclass B” will not be entitled to the compensation of 11.9 billion dollars in speculative damages, based on the hypothetical growth of BDV. Bitcoin SV and the ruling in the United Kingdom: the 11.9 billion dollar damages claim rejected The United Kingdom court has issued its ruling on the case concerning Bitcoin SV (BSV). In practice, investors have filed a claim for damages against the main crypto-exchanges, such as Binance, for allegedly conspiring to delist the token in 2019. Source: X “THE BRITISH COURT DISMISSES THE $11.9 BILLION LAWSUIT AGAINST BINANCE. INVESTORS COULD HAVE LIMITED LOSSES AFTER THE 2019 DELISTING” The judgment classified the investors into subclasses, stating that for those belonging to “subclass B”, the claim for damages was dismissed. Specifically, these investors continued to hold BSV even after the delisting, claiming today 11.9 billion dollars in damages as the delisting had deprived them of profiting from the “potential rise of BSV to a first-tier cryptocurrency,” like Bitcoin and Bitcoin Cash. The jury, led by the Master of the Rolls Sir Geoffrey Vos, rejected the theory of growth as “speculative.” In fact, in the ruling, the court determined that losses could be mitigated by selling BSV or exchanging it with other crypto. Here is what the document says: “They had the duty to mitigate the losses. They cannot recover the losses that they could have reasonably mitigated. [..] Any damages must reflect the market value immediately after the delisting, not hypothetical future highs.” Bitcoin SV and subclass A and C investors: possible damage compensation claim Unlike BSV investors of subclass B, those of “sottoclasse A” and “sottoclasse C” can still…
The post the judges of the United Kingdom dismiss the case for request of evidence appeared on BitcoinEthereumNews.com.
In the United Kingdom, the judges have ruled on the case concerning Bitcoin SV and its delisting in 2019 on major crypto-exchanges like Binance. In particular, investors classified as “subclass B” will not be entitled to the compensation of 11.9 billion dollars in speculative damages, based on the hypothetical growth of BDV. Bitcoin SV and the ruling in the United Kingdom: the 11.9 billion dollar damages claim rejected The United Kingdom court has issued its ruling on the case concerning Bitcoin SV (BSV). In practice, investors have filed a claim for damages against the main crypto-exchanges, such as Binance, for allegedly conspiring to delist the token in 2019. Source: X “THE BRITISH COURT DISMISSES THE $11.9 BILLION LAWSUIT AGAINST BINANCE. INVESTORS COULD HAVE LIMITED LOSSES AFTER THE 2019 DELISTING” The judgment classified the investors into subclasses, stating that for those belonging to “subclass B”, the claim for damages was dismissed. Specifically, these investors continued to hold BSV even after the delisting, claiming today 11.9 billion dollars in damages as the delisting had deprived them of profiting from the “potential rise of BSV to a first-tier cryptocurrency,” like Bitcoin and Bitcoin Cash. The jury, led by the Master of the Rolls Sir Geoffrey Vos, rejected the theory of growth as “speculative.” In fact, in the ruling, the court determined that losses could be mitigated by selling BSV or exchanging it with other crypto. Here is what the document says: “They had the duty to mitigate the losses. They cannot recover the losses that they could have reasonably mitigated. [..] Any damages must reflect the market value immediately after the delisting, not hypothetical future highs.” Bitcoin SV and subclass A and C investors: possible damage compensation claim Unlike BSV investors of subclass B, those of “sottoclasse A” and “sottoclasse C” can still…
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