Sign In
Step 1
Unite with Fellow Investors
Step 2
Choose the Best Attorney
Step 3
Provide Documents
Step 4
Follow Case Progress
Step 5
Get Payout
BINANCE.FI

Binance Case on Sale Unregistered Tokens

S.D. Florida
Court
1:23-cv-21261
Case number
ANY INVESTOR/USER who suffered losses from buying ANY TOKEN (unregistered securities) on BINANCE can JOIN CASE!

On March 27, 2023, Binance and its CEO Changpeng Zhao faced a lawsuit from the CTFC for allegedly breaking trading and derivatives rules.

The agency said Binance and CZ wilfully ignored registration and compliance requirements under U.S. federal law, despite exploiting key U.S. commercial relationships to earn significant revenue.

  • According to other reports, Binance listed unregistered securities as cryptocurrencies and paid social media influencers to promote these assets.
  • One of the cryptocurrencies considered unregistered security in the case is the Binance token BNB. The BNB burn program makes the asset an unregistered security because it reduces the coin’s supply to boost its value.
The fact of regulators' investigations makes Investors and Clients of the crypto exchanges suspect that their rights could be violated, which could lead to losses for them.
Alleged Offence
Mismanagement
Misleading Statements
Fraud
Failure to Disclose
Price manipulation
Malpractice
Negligence
Breach of Fiduciary duty
Omissions
Suspected Party
Directors
Management
Shareholder
Influencer
Service Provider
Security Type
Crypto Asset
Trade Direction
Long
Shock Event Date
01 April 2023
Filing date
31 March 2023
Lead Plaintiff Deadline
01 June 2023
Collecting participants…
Created by Stan Vick, Scout

BINANCE

Binance is a cryptocurrency exchange platform that combines digital technology and finance. The platform features a portfolio of crypto products and offerings, including trading and finance, educat...

Symbol
BINANCE.FI