Investors of Bitcoin SV, who owned digital assets at the time of his divisting in April June 2019, accused the administration of leaflets of cryptocurrency exchanges for deliberate and proportimitated behavior aimed at suppressing token, which positioned itself in the market as a direct competitor of Bitcoin and “the true embodiment of the vision of Satosi Damoto”.
Investors argued that if BSV was not excluded from the auction, now its price could reach the level of “leading cryptocurrencies, such as bitcoin or Bitcoin Cash (BCH), which would bring huge profits.” The plaintiffs estimated their losses in 352 times from the value of their assets at the time of divisting-which amounted to the amount of the claim of $ 11.9 billion.
However, the court, chaired by the head of the civilian court of the Court of Appeal, Jeoffrey Vos, rejected the requirements, calling them “fundamentally erroneous”. The main argument of the court is that BSV in its internal content is not a unique digital asset.
The court found that investors had enough opportunities to exchange BSV for other cryptocurrencies and thereby minimize possible financial losses – as well as sell their assets in the open market in advance after a warning about a possible divisting. Therefore, claims of “lost benefits from hypothetical prices” are recognized as speculative by the court. The court also recalled the high volatility of cryptocurrencies, emphasizing that by nature investments in such assets are risky, and investors cannot demand from anyone guaranteed profit or compensation for a “lost chance” for future growth.
Delistral Bitcoin SV from the Binance exchange and other cryptocurrency sites was the result of a pressure provoked by the obscene behavior of the founder of the project of Craig Wright, which is true to Satoshi Nakamoto.
Source: Bits
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