By Bitcoinist - 1 year ago - Reading Time: 4 minutes
Poukisa envestisè LUNA sa yo te depoze yon pwosè aksyon kolektif kont Binance.US
Pou yon dokiman depoze 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.
Ki gen rapò ak Lekti | Binance Frape tounen nan jounal Reuters, reklamasyon rapò pataje done ak Larisi se 'kategorikman fo'
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”.
Nan sans sa a, yo te deklare ke lajan kript la ak byen dijital yo se sekirite ki pa anrejistre ak US Securities and Exchange Commission (SEC). Yo te baze agiman sa a sou lefèt ke siksè oswa echèk LUNA te depann de yon twazyèm pati santralize, Terraform Labs (TFL), ak ko-fondatè li yo ak CEO Kwon Do-Hyung ke yo rele tou Do Kwon.
Pwosè aksyon klas la reklamasyon:
Yo te anonse U ST epi yo te vann bay envestisè yo kòm yon byen "san danje" ki ta ka itilize pou touche yon gwo revni, tankou nan fòm enterè. Pri respektif UST ak LUNA tou de depann sou, epi kontinye depann sou, efò ak siksè (oswa echèk) 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 # Antre pral pèmèt tou kliyan yo otomatikman repran rekonpans yo resevwa yo chak semèn, asire yon gwo APY atravè konpoze.
Aprann plis enfòmasyon: https://t.co/KsADN0MF1R pic.twitter.com/vmIkHmZLXH
- Binance.US (@BinanceUS) Jen 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
Regilatè sekirite Ameriken an te ambigu sou pozisyon li sou lajan kript. Komisyon an echwe, dapre sèten aktè nan endistri a, pou bay klè legal ak regilasyon.
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.”
Yon pòtpawòl pou 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 Pyès monnen (BNB).
Anplis de sa, yon ankèt soti nan 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.
Otè a kontinye mete li kòm yon badj onè sou Twitter lè moso fiksyon li yo jwenn reyalite-tcheke apre li pibliye.
— CZ Binance (@cz_binance) Jen 7, 2022
Ki gen rapò ak Lekti | Breaking: U.S. SEC Launches Investigation Against Binance Pyès monnen (BNB)
Nan moman sa a nan ekri a, pri BNB komès nan $ 225 ak yon pèt 11% sou tablo a 4 èdtan.
Tandans pri BNB a dezavantaj sou tablo 4 èdtan an. Sous: BNBUSDT TradingviewSous orijinal: Bitcoinse