Bitcoin SV Lawsuit Rises From the Grave: You Won’t Believe Why!

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Well now, gather ‘round, fine folks and shady characters alike, for a tale fit for the Mississippi – if the Mississippi were made of digital coins and lawsuits. Some spirited investors in Bitcoin Satoshi’s Vision (or BSV, if you like your abbreviations like your coffee: short and bitter) — itself a hard fork of Bitcoin Cash, which you’ll recall is already a hard fork of good-old Bitcoin — have come a-writin’ to resurrect a lawsuit like it’s Lazarus and the judge holds the smelling salts. Their beef? None other than Binance, that bustling crypto-exchange bazaar, which yanked BSV from its listings back in 2019. The claim? “Binance cooked BSV’s goose and served it cold!” 🍗

If you can follow this family tree without falling off a branch, Law360 reports those sharp lawyers representing the plaintiffs argued that a July 2024 decision by the UK Competition Appeal Tribunal—one throwing out a “loss of chance” claim faster than a riverboat gambler folds a bad hand—should be looked at again, this time with fewer squinting eyes. Let’s not forget, the investors originally washed up on the court’s front porch demanding a cool $9 billion. That’s enough for a gold-plated rocking chair and a small tropical island, give or take a few coconut trees.

To hear tell of it, these folks are firm in their belief that Binance’s 2019 “un-forking” of BSV, along with other exchanges giving that token the cold shoulder, are the main reasons BSV prices took a ride down the old economic river — and never got invited to sit at the main table like Bitcoin did. BSV wanted to be king of the crypto river, but ended up just another paddleboat.

Now, should this posse of BSV backers win their showdown in court, they’re looking to lasso up to 10 billion British pounds — that’s about $13 billion in regular people’s money. Not exactly pocket change; more like “fund-your-own-casino” money.

Word on the telegraph says BSV prices actually jumped about 15% after this news hit, briefly trading around $42. But let’s not get carried away—$42 is still what you’d call a bargain-basement price in the world of moon-bound crypto dreams. BSV, bless its heart, remains stuck in a rut, catching less economic or computing power than a steamboat without a paddle.

Binance Gave BSV the Boot—Because of Craig Wright Being Craig Wright

Back in the misty days of April 2019, Binance delisted BSV, wagging its finger and citing “failed listing standards due to the antics of Craig Wright.” For those who don’t know, Craig Wright is famous not for his humility, but for repeatedly swearing up and down that he’s Satoshi Nakamoto—Bitcoin’s mysterious creator. Most folks in crypto circles nod politely, then check their wallets. 💸

Binance’s former top brass, Changpeng Zhao, gave a heads-up in true Wild West fashion — BSV’s days on Binance were about numbered as long as Wright kept telling everyone he was Satoshi.

If that wasn’t enough excitement, along the way BSV survived multiple 51% attacks — which for the uninitiated, is like someone seizing control of the paddle and steering your riverboat straight into the rocks, double-spending coins like they’re dealing from the bottom of the deck. That’s the kind of thing that makes investors sweat more than a gambler on a losing streak. 🎰

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2025-05-10 23:57