LONDON : Crypto exchange Binance on Wednesday sought to throw out the vast majority of a London lawsuit worth up to 10 billion pounds ($12.8 billion) over claims it and other exchanges colluded to "delist" the Bitcoin Satoshi Vision (BSV) cryptocurrency.
LONDON : Crypto exchange Binance on Wednesday sought to throw out the vast majority of a London lawsuit worth up to 10 billion pounds over claims it and other exchanges colluded to"delist" the Bitcoin Satoshi Vision cryptocurrency.
Lawyers representing BSV Claims, a vehicle set up to pursue the case, say the exchanges engaged in anti-competitive behaviour to delist BSV in 2019. BSV Claims' lawyers said the exchanges were not opposing the case being certified under the UK's collective proceedings regime, which is roughly equivalent to the U.S. class action regime. Such certification would be just the first step in the lawsuit.
Binance's lawyer Brian Kennelly said people who kept BSV had made"an entirely voluntary decision". They"could reasonably have sold it and reinvested it in comparable cryptocurrency", Kennelly added.
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