Popular cryptocurrency exchange Binance was sued in November by Italian and international investors for an outage in 2021. The trial of the case will soon take place in Italy.
Binance, like many other exchanges, encounters access problems during periods of high cryptocurrency price movements. Although the plaintiffs applied to the Italian court for several different access problems, one particular case tens of millions of dollars They claim to have caused the loss. November 2021 The first hearing of the case, which was opened in 2017 and examined by the authorities Thursday, September 15 day will be seen in Italy.
The event stated by the respondent investors Binance, Kraken and Gemini Many high-profile cryptocurrency exchanges such as Elon Muskof Tesla company to Bitcoin 1.5 billion dollars investment It is known that it occurred during the increasing volatile movements upon the news of his death. The access problem in question was experienced in February of 2021. According to the large group of plaintiffs, consisting of Italian and international investors, the interruption of access to the stock market came at a critical time and resulted in losses of tens of millions of dollars.
Binance offered compensation but did not pay
Italian lawyer in charge of the case Francesco DagninoHe mentioned that Binance has previously offered compensation to victims:
The exchange offered compensation to the victims, but this offer was not in an acceptable amount. Many investors did not find this offer sufficient and did not accept it, but even the few investors who accepted the offer did not receive the promised payment.
In addition, the plaintiffs are listed on the Binance exchange. leveraged transactions They claimed it violated Italian regulations.