A summary of the claim, being brought in the Competition Appeal Tribunal on behalf of an estimated 240,000 UK investors in Bitcoin SV (BSV), is now listed on the CAT tribunal website BSV Claim CAT website.
Early last week, a U.K. collective proceedings order was filed against Binance, Kraken, Shapeshift, and Bittylicious in response to the 2019 delisting of BSV.
The collective proceedings order accuses the exchanges of colluding to delist BSV without good reason, reducing, preventing, and distorting competition in the United Kingdom as a result.
Nearly £10 billion class action lawsuit was filed this week in the United Kingdom against Binance, Kraken, Bittylicious, and Shapeshift over collectively delisting the BSV in 2019.
The claim alleges that beginning in April 2019, BSV holders in the United Kingdom suffered losses estimated up to £9.9 billion as a result of the delisting of BSV by exchanges Binance, Bittylicious, Kraken and Shapeshift.