By Bitcoinist - 1 ka tuig na ang milabay - Oras sa Pagbasa: 4 ka minuto
Ngano nga Kini nga mga LUNA Investor Nag-file ug Class Action nga Kaso Batok Binance.US
Sa usa ka dokumento gisumite 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.
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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”.
Niana nga diwa, giangkon nila nga ang cryptocurrency ug ang digital assets mga non-registered securities sa US Securities and Exchange Commission (SEC). Gibase nila kini nga argumento sa kamatuoran nga ang kalampusan o kapakyasan sa LUNA nagdepende sa usa ka sentralisadong ikatulo nga partido, ang Terraform Labs (TFL), ug ang co-founder ug CEO niini nga si Kwon Do-Hyung nga nailhan usab nga Do Kwon.
Ang kiha sa aksyon sa klase nag-angkon:
Ang U ST gi-anunsyo ug gibaligya sa mga tigpamuhunan isip usa ka "luwas" nga asset nga mahimong magamit aron makakuha og daghang pagbalik, lakip sa porma sa interes. Ang tagsa-tagsa nga mga presyo sa UST ug LUNA pareho nga nagdepende, ug nagpadayon sa pagdepende, sa mga paningkamot ug kalampusan (o kapakyasan) sa 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 Binance.USHowever, 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 Pag-ukog magtugot usab sa mga kustomer nga awtomatiko nga ibalik ang mga ganti nga ilang madawat matag semana, pagsiguro sa taas nga APY pinaagi sa pag-compound.
Dugangi ang Dugang: https://t.co/KsADN0MF1R pic.twitter.com/vmIkHmZLXH
- Binance.US (@BinanceUS) Hunyo 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
Ang regulator sa securities sa US dili klaro bahin sa posisyon niini sa mga cryptocurrencies. Ang Komisyon napakyas, sumala sa pipila nga mga aktor sa sulod sa industriya, aron mahatagan ang ligal ug regulasyon nga katin-awan.
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.”
Usa ka tigpamaba alang sa 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 Sinsilyo (BNB).
Dugang pa, usa ka imbestigasyon gikan sa 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.
Ang tagsulat nagpadayon sa pagsul-ob niini isip usa ka badge of honor sa Twitter kung ang iyang mga fiction nga mga piraso gisusi sa kamatuoran human siya nagmantala.
- CZ Binance (@cz_binance) Hunyo 7, 2022
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Sa panahon sa pagsulat, ang presyo sa BNB nagbaligya sa $225 nga adunay 11% nga pagkawala sa 4-oras nga tsart.
Ang mga uso sa presyo sa BNB ngadto sa downside sa 4-oras nga tsart. Tinubdan: BNBUSDT TradingviewAng orihinal nga tinubdan: Bitcoinmao