By Bitcoinist - 1 sena ilu - Ħin tal-Qari: 4 minuti
Għaliex Dawn l-Investituri LUNA Iffajljaw Kawża ta’ Azzjoni Klassi kontra BinancePobierz aplikację na iPhone'a Valsesia Monterosa z ApkOnline
Skont dokument ppreżentata 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.
Qari Relatat Binance Hits Back At Reuters, Claims Data Sharing Report With Russia Is ‘Categorically False’
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”.
F'dak is-sens, huma sostnew li l-munita kriptografika u l-assi diġitali huma titoli mhux reġistrati mal-Kummissjoni tat-Titoli u l-Kambju tal-Istati Uniti (SEC). Huma bbażaw dan l-argument fuq il-fatt li s-suċċess jew il-falliment ta 'LUNA kien jiddependi minn parti terza ċentralizzata, Terraform Labs (TFL), u l-ko-fundatur u CEO tagħha Kwon Do-Hyung magħrufa wkoll bħala Do Kwon.
Il-kawża ta’ azzjoni klassika titlob:
U ST ġie reklamat u mibjugħ lill-investituri bħala assi "sikur" li jista 'jintuża biex jaqla' dħul sostanzjali, inkluż fil-forma ta 'imgħax. Il-prezzijiet rispettivi ta' UST u LUNA t-tnejn jiddependu fuq, u jkomplu jiddependu fuq, l-isforzi u s-suċċess (jew il-falliment) ta' 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 BinancePobierz aplikację na iPhone'a Valsesia Monterosa z ApkOnlineHowever, 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 se tippermetti wkoll lill-klijenti jerġgħu jieħdu awtomatikament il-premjijiet li jirċievu fuq bażi ta 'ġimgħa, u jiżguraw APY għoli permezz ta' kompost.
Learn More: https://t.co/KsADN0MF1R pic.twitter.com/vmIkHmZLXH
- Binance.US (@Binancel-Istati Uniti) Ġunju 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
Ir-regolatur tat-titoli tal-Istati Uniti kien ambigwu dwar il-pożizzjoni tiegħu dwar il-kripto-muniti. Il-Kummissjoni naqset, skont ċerti atturi fi ħdan l-industrija, milli tipprovdi ċarezza legali u regolatorja.
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.”
Kelliem għal 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 Munita (BNB).
Barra minn hekk, investigazzjoni minn 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.
L-awtur ikompli jilbesha bħala badge tal-unur fuq Twitter meta l-biċċiet tal-finzjoni tiegħu jiġu ċċekkjati bil-fatti wara li jippubblika.
- CZ Binance (@cz_binance) Ġunju 7, 2022
Qari Relatat Tkissir: US SEC Tniedi Investigazzjoni Kontra Binance Munita (BNB)
Fiż-żmien tal-kitba, il-prezz ta 'BNB jinnegozja għal $ 225 b'telf ta' 11% fuq il-grafika ta '4 sigħat.
Ix-xejriet tal-prezz ta 'BNB lejn l-isfel fuq il-grafika ta' 4 sigħat. Sors: BNBUSDT TradingviewSors oriġinali: Bitcoinhuwa