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Binance sued over the collapse of the TerraUSD stablecoin
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Binance sued over the collapse of the TerraUSD stablecoin
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15th June 2022, 06:52
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| [M] Reviewer  Join Date: May 2010 Location: Romania
Posts: 148,726
 |  Binance sued over the collapse of the TerraUSD stablecoin A Utah resident has filed a lawsuit against Binance US and its CEO, accusing them of falsely advertising TerraUSD as a safe asset backed by fiat currency. The plaintiff named Jeffrey Lockhart alleged that because Binance isn't registered as a securities exchange with the US government, it has limited obligation to disclose information about assets traded on its platform. "Crypto exchanges made massive profits by flouting securities laws and causing real harm to real people," the law firm representing Lockhart said, according to Reuters. https://www.engadget.com/binance-sue...2.html?src=rss |
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