Binance Wins Class Action Rejection Over 2018 Tokens Fueled By Cointelegraph

Binance Wins Class Action Rejection Over 2018 Tokens Being Tanked

A federal judge has dismissed a class action complaint alleging that Binance violated United States securities laws by failing to register as a broker-dealer or exchange and selling crypto tokens that were not registered with the U.S. Securities and Exchange Commission ( SEC).

The original complaint archived was filed in the US District Court for the Southern District of New York by a group of investors who say they invested in the tokens, BNT, SNT, QSP, KNC, TRX, FUN, ICX, OMG, LEND, ELF and CVC around 2017 and 2018. An amended complaint has been made, with only nine tokens, with BNT, SMT and CVC removed.

Read more on Coin Telegraph

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