NBA star Jimmy Butler and BitBoy agree to pay $340,000 to settle class action lawsuit against Binance
According to The Block, NBA All-Star Jimmy Butler and cryptocurrency YouTuber Ben 'BitBoy' Armstrong have agreed to pay a total of $340,000 to settle a class-action lawsuit related to Binance. The settlement is still subject to court approval.The lawsuit alleges that the two illegally promoted unregistered securities for payment from Binance and solicited new customers, causing consumer losses. The lawsuit was filed in March 2023 and includes allegations of promoting cryptocurrencies such as BNB and BUSD as securities. Both individuals deny any wrongdoing.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Trader makes $2,8 million profit on KEKIUS after Elon Musk boosts memecoin
Do Kwon Pleads Not Guilty in Billion-Dollar TerraUSD Fraud Case
Cardano (ADA) Price Recovery to $1 Unlikely As Whales Retreat
Analyst Says One Crypto Sector Is Primed To Outperform in the Days Ahead – Here’s His Top Pick
Trending news
MoreCrypto prices
More
