They claimed that the cryptocurrency that most of these investors know as Bitcoin is actually “Bitcoin Core”. Therefore, they added that the “only” cryptocurrency which implements the “original” BTC protocol is “Bitcoin Satoshi Vision” (BSV). The document added the following:
The Claimants contend that this misrepresentation by Coinbase and Kraken has led to confusion among digital currency asset holders as to the authenticity of the assets many have purchased and traded in.
BSC is a fork of Bitcoin Cash (BCH), which at the same time is a fork of Bitcoin (BTC). The asset was born out of a different of ideas between the BCH community.
Per the document, Wright and his legal representation seek an “injunction” that could prevent major exchange platforms to offer BTC to their clients, depending on the court’s verdict. The claimants believe that their case is “likely to be worth several hundred billions of pounds”.