A lawsuit against Binance accusing the cryptocurrency exchange of selling unregistered crypto securities has been dismissed.
, FUN, ICX, OMG, LEND, and ELF — which the plaintiffs bought through Binance’s online exchange starting in 2017. However, the coins soon lost significant value.
However, Judge Carter ruled that the plaintiffs sued Binance too late, citing that more than a year had passed between the time of their purchases and the time they filed the lawsuit. Plaintiffs must allege more than stating that plaintiffs bought tokens while located in the U.S. and that title passed in whole or in part over servers located in California that host Binance’s website.
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