Crypto News and Headlines

Judge Rules Against Binance in Arbitration Bid for Crypto Token Lawsuits

U.S. District Judge Andrew Carter denied Binance’s bid to compel arbitration for class‑action lawsuits alleging unregistered token sales. The ruling holds that Binance failed to adequately notify users of the 2019 arbitration clause and that the class‑action waiver is ambiguous, allowing claims predating Feb 20 2019 to proceed in court. The lawsuits target tokens such as EOS and TRX, accusing Binance of operating as an unregistered exchange, broker, and clearing agency. The decision revives the potential for billions of dollars in damages against the exchange.