Binance likely to face another lawsuit for violation of US securities laws

A US federal appeals court reopened a lawsuit where investors allege that Binance violated US securities laws. According to the appeals court, investors could pursue claims on their purchases from the year before the lawsuit. The lawsuit mentions ELF, EOS, FUN, ICX, OMG, QSP and TRX, these tokens lost much of their value since 2017. A court in Manhattan has revived the lawsuit and Binance is likely to face litigation on the violation of US securities laws.

Investors of seven tokens - aelf , EOS, FunToken , ICON , OMG Network , QSP, and TRON , have filed a lawsuit against the exchange, accusing it of securities laws violation. Binance faces new lawsuit. Source: CourtListener Most of these tokens have lost much of their value since 2017. The appeals court says that investors can claim damages from purchases made within the year before they filed the lawsuit against Binance.

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