Binance, Kraken Seek to Decertify Shrunken BSV Class Action

Binance and Kraken are urging the Competition Appeal Tribunal to dismiss a class action against BSV, arguing that the greatly reduced value of the claim makes litigation costs outweigh benefits.

The once £10 billion ($13.3 billion) claim has shrunk significantly, leading the exchanges to question whether pursuing it is worthwhile.

On Monday, the exchanges filed a bid to decertify the class action, citing the substantial decrease in value as the main reason for their request.