Binance Defends Against Massive Lawsuit

Binance, the cryptocurrency exchange, is fighting to dismiss part of a $13 billion lawsuit filed in London.

BSV Delisting Controversy

The lawsuit claims that Binance and other exchanges conspired to remove the Bitcoin Satoshi Vision (BSV) cryptocurrency from their platforms in 2019. This alleged “anti-competitive behavior” is said to have caused BSV’s value to plummet.

Binance’s Defense

Binance argues that those who held onto BSV after it was delisted made a “voluntary decision.” They could have sold it and invested in other cryptocurrencies.

Potential Impact

The outcome of this lawsuit could have significant implications for Binance, other exchanges, and the cryptocurrency industry as a whole.