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Crypto Giants Binance and Coinbase Face Legal Troubles

1 min read
Source: Decrypt
Crypto Giants Binance and Coinbase Face Legal Troubles
Photo: Decrypt
TL;DR

Binance, its CEO, and several celebrities and influencers, including NBA star Jimmy Butler, have been hit with a $1 billion civil lawsuit for promoting unregistered securities. The lawsuit alleges that Binance paid celebrities to promote its crypto exchange and touted unregistered securities. The lawsuit also mentions YouTubers and influencers Ben Armstrong and Graham Stephan as defendants who allegedly received kickbacks for getting people to sign up to Binance. The lawsuit comes days after the CFTC separately sued Binance for violating trading and derivatives rules.

Topics:businesscryptocurrency#binance#cryptocurrency#cryptocurrency-lawsuit#influencers#jimmy-butler#unregistered-securities
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  1. Binance and Miami Heat’s Jimmy Butler Hit With $1B Crypto Lawsuit  Decrypt
  2. Binance's BNB, Bitcoin Tumble After Crypto Twitter Personality Cobie's Wild Guess  CoinDesk
  3. Latest Crypto Florida Class Action Targets Binance  Blockworks
  4. CFTC allegations and $1 billion lawsuit for Binance: Law Decoded, March 27–April 3  Cointelegraph
  5. Coinbase dominates US market with over 75% market share  CryptoSlate

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