Cryptocurrency News

Binance wins dismissal of class action over 2018 tokens that tanked

04/01/2022

Less than a minute

2022.04.01 23:59

Binance wins dismissal of class action over 2018 tokens that tanked

A federal judge has dismissed a class action complaint asserting Binance violated United States securities laws by not registering as a broker-dealer or exchange and sold crypto tokens that were not registered with the U.S. Securities and Exchange Commission (SEC).

The original complaint filed in the U.S. District Court for the Southern District of New York was brought by a group of investors who say they invested in the tokens EOS, BNT, SNT, QSP, KNC, TRX, FUN, ICX, OMG, LEND, ELF and CVC around 2017 and 2018. An amended complaint was filed, only listing nine tokens, with BNT, SMT and CVC removed.

04/01/2022

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