🚨 Big news from 🇦🇺! Australia’s financial regulator is taking action against @binance for allegedly misclassifying 505 retail investors as wholesale clients, leaving them without crucial consumer protections. 😱💸

ASIC claims that 83% of Binance Australia Derivatives users were affected, exposing them to high-risk products. Deputy Chair Sarah Court emphasized the need for proper classification to safeguard investors. ⚖️🔍

With $13 million in compensation already paid out, this case highlights the importance of regulatory compliance in the crypto space. 📊💰

Stay informed and check out the full story on our website for all the details! 🌐