A lawsuit filed in the USA against Binance, the world’s largest cryptocurrency exchange, has concluded. The lawsuit, filed on the grounds that the cryptocurrency exchange violated the securities laws in the country for selling unregistered tokens, was dismissed by the judge.
‘It’s too late to file a lawsuit’
Digital token investors who bought EOS, QSP, KNC, TRX, FUN, ICX, OMG, LEND and ELF tokens listed on Binance from 2017 After a while, they sued the cryptocurrency exchange because they lost most of their investments.
Investors cited Binance’s incorrect execution of millions of transactions and failure to warn them of the significant risks of purchasing tokens as the justification for the lawsuit. Judge Andrew Carter, who led the case, said that investors filed the case more than a year after receiving the tokens, and dismissed the case.
Fund allocated for Bitcoin energy efficiency
Also Carter, local He stated that because it is not an exchange, Binance cannot be evaluated under local securities laws.
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