U.S. District Judge Rodolfo Ruiz, who sits in the Southern District of Florida, left; and Changpeng Zhao, founder and chief executive officer of Binance Holdings Ltd., right. (Courtesy photos) SEC Lawsuit Clears Way for Attorney's Federal Class Action in Miami Against Binance
The class action lawsuit in which a Florida attorney alleged that his "hundreds of clients" sustained damages that amounted to "hundreds of millions of dollars," is one result from the fallout of the U.S. Securities and Exchange Commission's lawsuit against Binance.
June 07, 2023 at 03:03 PM
4 minute read
Litigation
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.
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