1. Legal Actions and Regulatory Challenges

Australia’s Legal Action
• Entity Involved: Binance Australia Derivatives
• Allegations:
• Misclassification of 505 retail investors as wholesale clients, denying them consumer protections.
• Period of violation: July 2022 – April 2023.
• Key Outcomes:
• ASIC facilitated compensation of A$13.1 million to 435 clients in November 2023.
• Legal proceedings initiated by ASIC, seeking penalties and adverse publicity orders.

FTX Lawsuit Against Binan

1. Binance Referral Program
• How it works: Refer new users to Binance and earn a commission on their trading fees. The more people you refer, the more you can earn.
• USD Earnings: Your commissions are paid in USD-pegged stablecoins like USDT (Tether), which can be converted to USD.
• How to do it: Share your unique referral link with friends, family, or social media followers. When they sign up and trade, you earn a percentage of their fees.

2. Binance Affiliate Program
• How it works: Si