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Investors From Italy And Other Countries File A Class Action Against Binance
Summary: According to Milano Finanza, the cryptocurrency exchange Binance is facing a class action from the Italian law firm Lexia Avvocati and the Swiss Blockchain Alliance. The lawsuit alleges that on February 8, the day Tesla announced the purchase of Bitcoin for $1.5 billion, investors from Italy and other countries were unable to access the Binance ...
According to Milano Finanza, the cryptocurrency exchange Binance is facing a class action from the Italian law firm Lexia Avvocati and the Swiss Blockchain Alliance.
The lawsuit alleges that on February 8, the day Tesla announced the purchase of Bitcoin for $1.5 billion, investors from Italy and other countries were unable to access the Binance platform for several hours, traders were unable to operate their open positions, which led to a series of unnecessary liquidation, and customers lost "tens of millions".
The law firm wrote in the letter that Binance's "laughable" compensation proposal was unsatisfactory: "In response to such claims, Binance offered a pitiful amount to compensate the losses suffered by the Customers, who had no choice but to refuse such laughable proposals."
By Mary Liu
Tags: Binance,Lawsuit
Link: Investors From Italy And Other Countries File A Class Action Against Binance [Copy]
