A U.S. federal judge, Andrew Carter, has ruled that Binance cannot compel arbitration for claims related to losses from unregistered token purchases. The decision was based on Binance's failure to adequately inform users of changes to its terms of service regarding arbitration and the waiver of class action rights, which were deemed vague and unenforceable. This ruling allows customers to pursue claims in court for losses incurred before February 20, 2019. The tokens involved include ELF, EOS, FUN, ICX, OMG, QSP, and TRX. Binance has stated it will "vigorously defend" against the remaining allegations.
US Judge Rules Binance Cannot Enforce Arbitration in Token Lawsuit
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
