The UK Supreme Court has rejected an appeal from Bitcoin (CRYPTO:BTC) Satoshi Vision investors seeking more than $13 billion in damages from major crypto exchanges.
The appeal was filed by BSV Claims Limited following the delisting of Bitcoin SV (CRYPTO:BSV) from platforms including Binance and Kraken in 2019.
Investors argued that the delistings caused immediate price damage and long-term harm to the token’s growth prospects.
Three Supreme Court justices refused permission to appeal.
“The application does not raise an arguable point of law or a point of law of general public importance,” Lords Hodge and Sales and Lady Rose said.
The decision ends a lengthy legal effort to revive claims previously struck out by lower courts.
Bitcoin SV was launched in 2018 as a hard fork of Bitcoin Cash (CRYPTO:BCH), which itself split from Bitcoin.
Supporters said the project aimed to restore the original vision of Bitcoin creator Satoshi Nakamoto.
Exchanges began removing BSV in 2019 amid ongoing disputes surrounding the project.
In July 2024, the UK Competition Appeal Tribunal dismissed claims tied to BSV’s alleged “forgone growth effect”.
Judges ruled it was unrealistic to assume BSV would have grown to rival Bitcoin’s value.
A renewed attempt to revive the case in May was rejected under the market mitigation rule.
The court said investors should have taken steps to limit losses once delistings became clear.
Bitcoin SV has fallen more than 96% from its 2021 peak near $490.
The token was recently trading at around $18.
BSV’s decline deepened after a UK court ruled Craig Wright was not Satoshi Nakamoto.
Coinbase fully disabled BSV support in 2021 following a 51% network attack.
Bitcoin has continued to outperform rival forks during the same period.
Bitcoin recently traded near $85,800 after peaking above $126,000 in October.
Legal analysts say the ruling narrows the scope for future crypto delisting claims.
At the time of reporting, Bitcoin price was $86,104.03.