BREAKING: Jimmy Butler and BitBoy Settle Binance Class-Action Lawsuit
CryptoNewsTerminal Staff22 Aug, 2024
BREAKING: Jimmy Butler and BitBoy Settle Binance Class-Action Lawsuit
According to the Block, NBA superstar Jimmy Butler and Ben Armstrong, aka BitBoy Crypto, have settled their class-action lawsuit against Binance. The settlement includes a payment of $340,000. The lawsuit, filed in March 2023, accused the two of promoting Binance and its unregistered securities, BNB and BUSD, while receiving referral fees for directing new customers to the platform. The settlement is subject to court approval. This news comes as a major development as more celebrities and influencers face scrutiny for their involvement in promoting cryptocurrencies and digital assets.