A U.S. appeals court has partially overturned a decision to dismiss a class action lawsuit against Binance.US alleging that the exchange manipulated the price of the HEX token.
- The judges upheld plaintiff Ryan Cox's claims against Binance.US and CoinMarketCap.
- Cox claims that Binance artificially lowered the rating of HEX on CoinMarketCap, which led to a decrease in the token's price.
- The court ruled that the court has jurisdiction to hear the case.
📉 The HEX token is now worth $0.004, down 99% from its peak.
