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Binance cannot arbitrate customer claims over crypto losses, US judge rules
A federal judge on Thursday rejected Binance's request that customers who accused the world's largest cryptocurrency exchange of illegally selling unregistered tokens that lost much of their value arbitrate their claims. U.S. District Judge Andrew Carter in Manhattan said customers could pursue claims that arose by February 20, 2019 in court, because Binance did not sufficiently notify them that it modified their terms of use to require arbitration and waive the right to sue in a class action. Carter said there was no evidence that Binance "announced" an arbitration provision, or told customers in the terms of ... (full story)
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