U.S. Commodities and Futures Trading Commission CFTC, the largest cryptocurrency exchange by trading volume Binance and founder To Changpeng Zhao After the lawsuit filed within the week, another law firm launched a legal battle against the crypto platform.
According to the news published in Fortune, Moscowitz Law Firm and Boies Schiller Flexner; He accused Binance and CZ of buying and selling unregistered securities, and three crypto influencers of receiving illegal advertising from the exchange.
The law firm is seeking $1 billion in compensation from the giant stock market with a compensation lawsuit it filed in Florida. The source claimed that the influencers in question are NBA star Jimmy Butler and have two different crypto Youtube channels.
“We have been investigating the same unregistered security issues against Binance for over a year. Supporters and exchanges that facilitate the trading of such assets are fully liable for customer losses.”
Moscowitz Law Firm has previously targeted other exchanges. The bureau filed a lawsuit, claiming that the previously bankrupt crypto platform Voyager was also fully liable for customer losses.
Of course, this lawsuit is not thought to have as much impact on the market as the lawsuit filed by the CFTC.
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