By Bitcoinist - 1 gore rapfuura - Nguva yekuverenga: 4 maminitsi
Nei Ava Vagadziri veLUNA Vakaisa Chikoro Chekuita Mhosva Kupokana Binance.US
Negwaro filed 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.
Zvinoenderana Kuverenga | Binance Hits Back kuReuters, Inoti Chirevo chekugovanisa data neRussia 'Nhema Zvikuru'.
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”.
Nenzira iyo, vaiti iyo cryptocurrency uye midziyo yedhijitari haina kunyoreswa securities neUS Securities and Exchange Commission (SEC). Vakaisa gakava iri pachokwadi chekuti kubudirira kana kutadza kweLUNA kwaienderana nevechitatu bato, Terraform Labs (TFL), uye mubatsiri wayo uye CEO Kwon Do-Hyung anozivikanwawo saDo Kwon.
The class-action lawsuit inoti:
U ST yakashambadzirwa uye yakatengeswa kune vanoisa mari sechinhu "chakachengetedzeka" chinogona kushandiswa kuwana mhindu yakakura, kusanganisira nenzira yekufarira. Iwo akateedzana mitengo yeUST neLUNA ese aitsamira, uye anoramba achitsamira pa, kuedza uye kubudirira (kana kutadza) kweTFL.
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 #Kutora ichabvumirawo vatengi kuti vadzore zvakare mibairo yavanogashira pavhiki, kuve nechokwadi chepamusoro APY kuburikidza nekubatanidza.
Dzidza zvimwe: https://t.co/KsADN0MF1R pic.twitter.com/vmIkHmZLXH
- Binance.US (@BinanceUS) June 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
Iyo US security regulator yanga isina kujeka nezve chinzvimbo chayo pane cryptocurrencies. Komisheni yakatadza, sekureva kwevamwe vatambi mukati meindastiri, kupa kujekeswa kwemutemo nekutonga.
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.”
Mutauriri we 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).
Mukuwedzera, tsvakurudzo kubva 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.
Munyori anoenderera mberi nekuipfeka sebheji rerukudzo paTwitter kana zvidimbu zvake zvenhema zvichiongororwa mushure mekunge aburitsa.
- CZ Binance (@cz_binance) June 7, 2022
Zvinoenderana Kuverenga | Breaking: U.S. SEC Launches Investigation Against Binance Kuende (KUE)
Panguva yekunyora, mutengo weBNB unotengesa pamadhora mazana maviri nemakumi maviri nemashanu nekurasikirwa ne225% pane chati yeawa mana.
BNB's mutengo maitiro kune yakaderera pane 4-awa chati. Kwakabva: BNBUSDT TradingviewOriginal source: Bitcoinndiko