Right after the U.S. Securities and Exchange Commission sued Binance and its head, Changpeng Zhao, for allegedly mishandling customer funds, misleading investors and regulators, and breaking securities rules, a Florida attorney filed a proposed class action against that same cryptocurrency exchange in federal court in Miami.

David Silver, a partner at Silver Miller, represents New York resident Michael Osterer who sued the defendants, the Florida-headquartered corporation, BAM Trading Services Inc., or Binance.US, and its “alter ego,” Cayman Islands-headquartered Binance Holdings Ltd., or Binance, for alleged conversion, aiding and abetting conversion, and unjust enrichment.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]