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The court allowed consideration of most of the SEC's claims against Binance
D.C. District Court Judge Amy Berman Jackson partially dismissed the U.S. Securities and Exchange Commission's (SEC) lawsuit against Binance, but the majority is of the opinion.
It granted the exchange's request to withdraw the regulator's claims regarding secondary sales of the BNB token, the BUSD stablecoin offering, and the Simple Earn product.
It granted the exchange's request to withdraw the regulator's claims regarding secondary sales of the BNB token, the BUSD stablecoin offering, and the Simple Earn product.
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NBA Star and Crypto Blogger to Pay $340,000 Fine for Promoting Binance
Lawyers for two influencers of the world's largest cryptocurrency exchange Binance have filed a motion in Miami federal court seeking a plea deal in a case involving the promotion of unregistered securities.
NBA star Jimmy Butler and crypto blogger Ben Armstrong, known as BitBoy, will pay a combined $340,000 to settle a class action lawsuit filed by law firms Moscowitz and Boies Schiller Flexner if the motion is granted.
The 2023 lawsuit alleges that the influencers promoted unregistered Binance securities, which investigators believe resulted in substantial loss of investor funds.
Butler and Armstrong deny “any wrongdoing or liability and believe they have a strong defense if the case goes to trial.” However, both have opted to settle rather than spend time and money trying to resolve the case.
#binance #суд
$BNB
$FDUSD
Lawyers for two influencers of the world's largest cryptocurrency exchange Binance have filed a motion in Miami federal court seeking a plea deal in a case involving the promotion of unregistered securities.
NBA star Jimmy Butler and crypto blogger Ben Armstrong, known as BitBoy, will pay a combined $340,000 to settle a class action lawsuit filed by law firms Moscowitz and Boies Schiller Flexner if the motion is granted.
The 2023 lawsuit alleges that the influencers promoted unregistered Binance securities, which investigators believe resulted in substantial loss of investor funds.
Butler and Armstrong deny “any wrongdoing or liability and believe they have a strong defense if the case goes to trial.” However, both have opted to settle rather than spend time and money trying to resolve the case.
#binance #суд
$BNB
$FDUSD
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Binance Top Manager Tigran Gambaryan Appears in Nigeria Court on Crutches
Binance VP of Global Intelligence and Investigations Tigran Gambaryan appeared at the resumed hearing in a Nigerian court on crutches due to the refusal to provide a wheelchair, The Block writes, citing a statement from the defendant's family.
The African country's authorities have held the American-born executive in jail for six months. His physical and mental health is deteriorating due to a herniated disc, as well as bouts of pneumonia, malaria and tonsillitis.
The African country's authorities have held the American-born executive in jail for six months. His physical and mental health is deteriorating due to a herniated disc, as well as bouts of pneumonia, malaria and tonsillitis.
