Waarom hierdie LUNA-beleggers 'n Klasaksie-geding teen ingedien het Binanceus

By Bitcoinist - 1 jaar gelede - Leestyd: 4 minute

Waarom hierdie LUNA-beleggers 'n Klasaksie-geding teen ingedien het Binanceus

Per 'n dokument geliasseer with the U.S. District Court of Northern District of California, Binance.US users want compensation for their LUNA-UST investments. The lawsuit has been filed as a class action in the United States against Binance.US and its CEO Brian Shroder.

Verwante leeswerk |  Binance Treffers terug by Reuters, beweer dat verslag oor die deel van data met Rusland 'kategories onwaar' is

The plaintiff claims that Binance.US has failed to “abide by U.S. federal” and securities regulations. They claimed that the exchange platform offered UST, Terra Classic algorithmic stablecoin, and LUNA now dubbed LUNC as a “safe investment”.

In daardie sin het hulle beweer dat die cryptocurrency en die digitale bates nie-geregistreerde sekuriteite by die US Securities and Exchange Commission (SEC) is. Hulle het hierdie argument gebaseer op die feit dat die sukses of mislukking van LUNA afhang van 'n gesentraliseerde derde party, Terraform Labs (TFL), en sy medestigter en uitvoerende hoof, Kwon Do-Hyung, ook bekend as Do Kwon.

Die groepsgeding eis:

U ST is geadverteer en aan beleggers verkoop as 'n "veilige" bate wat gebruik kan word om aansienlike opbrengste te verdien, insluitend in die vorm van rente. Die onderskeie pryse van UST en LUNA was beide afhanklik van, en is steeds afhanklik van, die pogings en sukses (of mislukking) van TFL.

As seen below, the plaintiffs presented a recent Binance.US advertisement as evidence. In this picture, the exchange promotes its UST staking product with a 19.63% annual percentage reward (APR) followed by a “High Yield, Safe, and Happy Earn”.

Source: Class action document against Binanceus

However, the advertisement seems to be from Binance, Binance.US’s parent company. The U.S.-based platform has tried to differentiate itself from the global exchange. These efforts have translated to their brand and marketing campaigns, as seen below.

https://t.co/AZwoBOgsqS #Staking sal ook kliënte in staat stel om outomaties die belonings wat hulle ontvang op 'n weeklikse basis te herwin, wat 'n hoë APY deur samestelling verseker.

Meer inligting: https://t.co/KsADN0MF1R pic.twitter.com/vmIkHmZLXH

- Binance.US (@BinanceVSA) Junie 7, 2022

Despite the above, the plaintiffs claimed that the U.S.-based exchange allegedly failed its users when promoting its products:

Despite enjoying those fantastic profits, Binance U.S. plainly failed to comply with federal and state securities laws. Binance U.S. failed to disclose that UST is in fact a security, and that it is selling these securities, even though (i) there is no registration statement in effect for them (…).

The LUNA Aftermath, Binance Under Public Scrutiny

Die Amerikaanse sekuriteitsreguleerder was dubbelsinnig oor sy posisie oor kripto-geldeenhede. Die Kommissie het volgens sekere rolspelers in die bedryf versuim om wetlike en regulatoriese duidelikheid te verskaf.

In step, it has engaged in legal battles with some of the actors in the crypto industry, including Binance.US and the LUNA’s Do Kwon. The class action claims:

Binance U.S.’s failure to comply with the securities laws, and its false advertisements of UST, have led to disastrous consequences for Binance U.S.’s customers: in May 2022, in the span of just a few days, UST lost essentially all its value—a loss of approximately $18 billion. Investors who purchased UST on Binance U.S. were wiped out, learning quickly that, contrary to Binance U.S.’s advertisements, UST was not “safe,” “stable,” or “fiat-backed.”

'N Woordvoerder van Binance.US told Bitcoinist the following regarding the class action and its accusations:

Binance.US is registered by FinCEN and adheres to all applicable regulations. These assertions are without merit and we will defend ourselves vigorously.

The exchange has experienced a lot of scrutiny in past days as it faces an SEC investigation related to the alleged sales of an unregistered security, as mentioned, their native token Binance Coin (BNB).

Daarbenewens het 'n ondersoek van Reuters claims that Binance has been used as a platform to allegedly launder money, and support a drug operation in Russia. Binance’s CEO Changpeng Zhao dismissed the accusations.

The Reuters article yesterday is a huge waste of time and resources. This is the last I'll say on it, and the last our team will interact with the writer.

Die skrywer dra dit steeds as 'n erewapen op Twitter wanneer sy fiksiestukke gekontroleer word nadat hy gepubliseer het.

- CZ Binance (@cz_binance) Junie 7, 2022

Verwante leeswerk | Breek: US SEC loods ondersoek teen Binance Muntstuk (BNB)

Met die skryf hiervan verhandel BNB se prys teen $225 met 'n verlies van 11% op die 4-uur grafiek.

BNB se prysneigings neig na die nadeel op die 4-uur grafiek. Bron: BNBUSDT Tradingview

Oorspronklike bron: Bitcoinis