Terra's meltdown continues to cause suffering for some as Binance US has been served with a class-action lawsuit.
Terra’s meltdown continues to cause suffering for some as Binance US has been served with a class-action lawsuit.
Filed in the Northern District of California on Monday by law firms Dontzin Nagy & Fleissig and Roche Freedman, thereads that “Binance US’s business model is premised on illegally enabling the sale of unregistered securities to as many US investors as possible, as often as possible.” The lawsuit further alleged the exchange that it “participated in direction promotions” of UST by airdropping free tokens to increase trading volumes. “Binance US also writes news updates on price movements of the UST and links to stories about the UST published across the Internet,” adds the suit.
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