US SEC and Binance Request 60-Day Pause In Crypto Lawsuit: Here’s Why
The US Securities and Exchange Commission (SEC) and global crypto exchange Binance have filed a joint motion to halt the ongoing legal battle for two months, citing the ongoing changes in the regulatory agency. Related Reading: South Korea Must Approve Crypto ETFs ‘Sooner Than Later’ – Korea Exchange Chief SEC Vs Binance To Take A […]
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A lawsuit against Binance accusing the cryptocurrency exchange of selling unregistered crypto securities has been dismissed. The plaintiffs listed nine cryptocurrencies in the lawsuit.
Binance’s Lawsuit Dismissed
U.S. District Judge Andrew Carter dismissed a lawsuit against cryptocurrency exchange Binance Thursday.
The motion to dismiss was filed by Binance and CEO Changpeng Zhao (CZ). The lawsuit (case no. 20-02803) was originally filed in April 2020 in the U.S. district court in the Southern District of New York.
Binance is accused of violating....
A class-action lawsuit against Binance US has been filed in California that alleges the exchange misled investors and sold unregistered securities to roughly 2,000 plaintiffs. The case was filed by the law firm Roche Freedman LLP, a company known for high-profile crypto lawsuits during the last few years. The lawsuit accuses Binance US of marketing terrausd (UST) as a firmly fixed stablecoin tied to the value of the U.S. dollar.
Class-Action Lawsuit Filed Against Binance US Over the Terra UST Collapse — 2,000 Plaintiffs Say They Were Misled by the Exchange
On Monday, the....
The lawsuit could be the first of many for the U.S.-listed crypto exchanges that offered LUNA or UST to customers. Binance.US, the sister company of global cryptocurrency exchange Binance, is facing a class-action lawsuit from investors for the sale of LUNA and TerraUSD (UST).A group of investors filed a class-action lawsuit in the Northern District of California on Monday, alleging that Binance sold unregistered securities in the form of LUNA and UST to investors and mislead them into buying them.The lawsuit was filed by law firms Roche Freedman and Dontzin Nagy & Fleissig on behalf of....
Per a document filed with the U.S. District Court of Northern District of California, Binance.US users want compensation for their LUNA-UST investments. The lawsuit has been filed as a class action in the United States against Binance.US and its CEO Brian Shroder. Related Reading | Binance Hits Back At Reuters, Claims Data Sharing Report With Russia […]
Amid the unfolding developments between the US Securities and Exchange Commission (SEC) and leading crypto exchange Binance, a pivotal update involving Circle, the issuer behind stablecoin USD Coin (USDC), has emerged just ahead of a hearing scheduled for October 12. The influential third-party entity has now been granted permission to weigh in on the lawsuit, […]