Home Community Insights Binance Faces Increasing Legal Problems With The Emergence Of A $1 Billion Lawsuit, While Big Eyes Coin Secures $33 Million In A Funding Round

Binance Faces Increasing Legal Problems With The Emergence Of A $1 Billion Lawsuit, While Big Eyes Coin Secures $33 Million In A Funding Round

Binance Faces Increasing Legal Problems With The Emergence Of A $1 Billion Lawsuit, While Big Eyes Coin Secures $33 Million In A Funding Round

Binance, the world’s largest crypto exchange, and its CEO Changpeng Zhao are facing a lawsuit worth $1 billion filed by Moskowitz Law Firm in Florida. The lawsuit involves well-known figures such as NBA star Jimmy Butler as defendants and is based on state-level securities regulations called “Blue Sky Laws” in Florida, designed to safeguard consumers and investors from fraud. The outcome of this case is being closely monitored by industry peers following similar lawsuits against FTX and Voyager Digital.

Despite the absence of a national exchange for crypto trading in the US, companies trading in this asset class may face prosecution under state-level regulations, which could result in new securities complaints. While the case was initially filed on behalf of three plaintiffs, it has the potential to become a class action lawsuit that represents millions of people.

Apart from this lawsuit, Binance is also facing legal action from the Commodities Future Trading Commission (CFTC) for allegedly permitting Americans to trade on its platform without a license. Furthermore, the Department of Justice is investigating Binance and its founder. Moskowitz Law Firm’s approach to Binance and Changpeng Zhao is similar to its approach in other lawsuits against crypto firms, including FTX fallout involving promoters like Kevin O Leary and Thomas Brady.

Binance was established in 2017 and operates in several locations worldwide with over 8,000 employees. It controls more than 70% of the market share in the crypto exchange sector. It remains uncertain how these lawsuits will impact the exchange’s business and reputation.

The Sustainable Meme Coin With Lucrative Potential – Big Eyes Coin

Big Eyes Coin (BIG) is garnering attention as one of the biggest crypto presales this year, offering investors a rare chance to earn high returns. The coin presents investors with exclusive access to NFT sushi clubs, regular airdrops, and participation in eco-friendly initiatives.

In addition to potential profits, Big Eyes Coin is also dedicated to promoting environmental causes. The company has pledged to allocate 5% of all coins to a charity wallet that supports various eco-friendly initiatives aimed at improving the health of our oceans.

Investors seeking an opportunity to support a worthy cause while potentially earning a profit can participate in the Big Eyes Coin presale. Furthermore, after purchasing the tokens, investors can increase their returns by taking advantage of the loot boxes feature, which offers a chance to collect up to 5000% in returns with a single purchase.

 

Find out more about Big Eyes Coin (BIG):

Presale: https://buy.bigeyes.space/

Website: https://bigeyes.space/

Telegram: https://t.me/BIGEYESOFFICIAL

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