US Appeals Court Revives Binance.US HEX Price Manipulation Lawsuit
CryptoNewsTerminal Staff12 Aug, 2024
US Appeals Court Revives Binance.US HEX Price Manipulation Lawsuit
- The United States Court of Appeals has revived a class-action lawsuit against Binance.US over the alleged manipulation of the HEX token. - The complaint was filed in 2021 after Binance.US artificially inflated the price of HEX, causing investors to lose money. - A U.S. District Court initially dismissed the case, but the appeals court reversed the decision. - The appeals court found that the plaintiffs had "plausibly alleged that Binance.US engaged in manipulative conduct." - The case will now proceed to trial in August 2023.
