Binance.US faces class-action lawsuit over LUNA and UST sale
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....
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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 […]
Coinbase faces a class action lawsuit against its involvement in the Cryptsy fiasco. Read more... Coinbase is courting one trouble after another. Following the latest issue with the IRS, the cryptocurrency company has another legal challenge to face. This time, it is a class action lawsuit by Silver Law Group and Wites & Kapetan regarding the platform’s alleged involvement in $8 Million theft by Cryptsy’s promoter Paul Vernon. The nationwide class action lawsuit against Coinbase has been filed in the United States District Court for the Southern District of Florida. According to....
CAVirtex, Canada's largest and oldest Bitcoin online exchange, is facing a potential class action lawsuit to the tune of $884,880 CAD. The alleged losses were incurred by the lawsuit-bringers after the company offered 10% of its shares for sale on the cryptocurrency-based asset exchange, Havelock Investments then stopped listing the stock by the end of 2013. Also read: Havelock Investments: Neo and Bee Story. CAVirtex Class Action Lawsuit. A total of 10,000 shares were sold on March 23, 2013 and continued to be traded until the end of 2013. At that time, CAVirtex announced that they would....
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....
A group of Spaniards filed the first crypto-related class-action lawsuit before the National Court of Spain on an alleged million-dollar scam. The lawsuit targets an individual accused of allegedly scammed over 300 small crypto investors across Spain. Money Stolen Could Amount Up to $3.58 Billion Per El País, the class-action lawsuit claims that an individual named Javier Biosca Rodríguez allegedly scammed over 250 million euros ($298 million) in cryptocurrencies from the investors. The profile of the victims is mixed, starting from domestic employees, retirees, unemployed,....