• Binance Has Officially Been Sued For TerraUSD Stablecoin Collapse

    20 days ago - By Hypebeast

    A cryptocurrency investor is officially suing Binance and its CEO for falsely advertising TerraUSD as a safe asset ahead of the alleged stablecoin's collapse last month. Since stablecoin's are pegged to the value of traditional assets such as the U.S. dollar, these coins are often seen less risky in comparison to others when there is a decline in the stock market. Utah resident Jeffrey Lockhart has now claimed that since Binance has not been registered on the U.S. securities exchange, the currency does not have to disclose information about the assets traded on the platform. A Binance...
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