A federal appeals court has revived a lawsuit against Binance, the world's largest cryptocurrency exchange, and its founder Changpeng Zhao for allegedly violating U.S. securities laws by selling unregistered tokens that subsequently lost much of their value. The lawsuit, initially dismissed by a lower court, has been reinstated by the 2nd Circuit Court in a unanimous 3-0 decision. The appeal covers investors who purchased seven specific tokens: ELF, EOS, FUN, ICX, OMG, QSP, and TRX. This decision gives the group of investors, including Binance's former CEO Changpeng Zhao and other executives, a new opportunity to pursue their claims. The case raises concerns about the regulatory compliance of cryptocurrency exchanges operating in the U.S.
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A federal appeals court revived a lawsuit where investors accused @binance of violating U.S. securities laws by selling unregistered tokens that lost much of their value. The appeal covered investors who had bought seven tokens - $ELF, $EOS, $FUN, $ICX, $OMG, $QSP and $TRX -… https://t.co/VPEXG4DITR
The Second Circuit revived a proposed investor class action against the embattled crypto exchange Binance Holdings Ltd. and its founder, disagreeing with a lower court that ruled the customers had not alleged their transactions were conducted in the U.S. https://t.co/S5PMFhD2a8
A U.S. federal appeals court has reopened a lawsuit in which investors accused Binance of violating U.S. securities laws by selling unregistered tokens, causing their value to plummet. In a 3-0 ruling, the U.S. Court of Appeals for the Second Circuit said the proposed class…
A U.S. federal appeals court has reopened a lawsuit in which investors accused Binance of violating U.S. securities laws by selling unregistered tokens. In a 3-0 ruling, the U.S. Court of Appeals for the Second Circuit said the proposed class action lawsuit falls under U.S.…
An appeals court revived a putative class action lawsuit against Binance on Friday - giving a group of investors who tried to sue the crypto exchange, its former CEO Changpeng Zhao and other executives - a new chance. by @nikhileshde https://t.co/IbTMX28xVx
The 2nd Circuit, in a 3-0 decision, revived a lawsuit where investors accused Binance, the world's largest cryptocurrency exchange, of violating US securities laws by selling unregistered tokens that lost much of their value https://t.co/ngTUJ4FZRt
A federal appeals court has reinstated its lawsuit against cryptocurrency exchange Binance https://t.co/OhxCOLvbhz
Binance to Discontinue Nigerian Naira Services Amid Scrutiny of Crypto Exchange’s Nigerian Operations https://t.co/86Jep2qdHG
Binance must face revived investor lawsuit in US over crypto losses https://t.co/FR5MmuN6sD https://t.co/F5RqsvWbY4
The 2nd Circuit revived a lawsuit where investors accused Binance, the world's largest cryptocurrency exchange, of violating US securities laws by selling unregistered tokens that lost much of their value https://t.co/RfTxGUpZyC https://t.co/6V1p0qCNbZ
⚠️ BINANCE MUST FACE REVIVED INVESTOR LAWSUIT IN US OVER CRYPTO LOSSES Full Story → https://t.co/QHaWR1Hyhw A federal appeals court on Friday revived a lawsuit where investors accused Binance, the world's largest cryptocurrency exchange, of violating U.S. securities laws by…