The US Court of Appeals has revived a case against cryptocurrency exchange Binance.
According to the news provided by Reuters U.S. Court of Appeals for the Second Circuit On Friday, March 8, a district judge to Binance a class action lawsuit filed against inappropriately reject decided.
Decision Vote 0 to 3 while being taken bringing the case back to the agenda And examining in more detail It was emphasized that the need
appeal application, 2017via Binance from ELF, EOS, FUN, ICX, OMG, QSP And TRX It included investors who purchased seven tokens, including 10,000 tokens, and lost most of their value in a short time.
Investors sue Binance by filing class action lawsuit They accused him of violating securities laws. But they could not achieve a result after the lower court dropped the case. They will have another chance after this decision of the appeals court.
Although this decision does not yet provide evidence that Binance sold securities in violation of the rules, it may still lead to a difficult litigation process in the coming period.