The world’s largest crypto exchange Binance, CEO Changpeng Zhao (CZ) and 3 crypto money influencers were sued for 1 billion dollars.
According to a recent report by Fortune, Binance is the CEO of Binance. CZ and between Bitboy famous cryptocurrency analyst known as Ben Armstrong 3 crypto money influencers, including investors, unregistered securities on the grounds that they encourage Moscowitz Law Firm and Boies Schiller Flexner By Law Firm 1 billion dollars compensation was filed.
Representatives of the lawsuit told the media about the issue, arguing that Binance hosts unregistered securities trading and should compensate investors who lost money by purchasing them. BitboyNBA star Jimmy Butler and Youtuber Graham Stephen with Binance affiliate program securities subject to the lawsuit. by promoting was accused.
About Binance for over a year The legal representatives who said that they followed suit, as a result of the lawsuit, only the two of them they represented. in Florida someone in California resident 3 US citizens not affected by these incentives of all investors their damages can compensate He claimed.
In addition, the law firm is responsible for the incentives of investors. prove to be affected must not expressed.
Binance and CZ recently US Commodity Futures Trading Commission (CFTC) unauthorized access to US residents by crypto derivatives on the grounds that it offers had been sued.