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This is fairly significant. A Brazillian cryptocurrency exchange has refunded all UST holders at a 1:1 rate with USDT. This case may be used as key precedent to argue that exchanges are liable for UST losses if tortious misrepresentations were made.https://portaldobitcoin.uol.com.br/corretora-brasileira-vai-gastar-r-620-mil-para-ressarcir-investidores-afetados-pelo-derretimento-da-stablecoin-ust/ …
To be fair, Brazil's consumer law is quite strong and punishes businesses that lie to customers or falsely represent risks. Let's see how many countries' courts come to the same conclusion over the next few days as suits against exchanges roll in. All of this is far from over.
Question you might know, if we bought through an app like Alice that put straight into anchor, where were we actually buying from?
this is true we have the consumer protection code in the constitution.
Still, an excellent decision when so many other first world country exchanges aren't doing the same. Credit to them :) $luna @luna - can't imagine however they won't have some legal discussions happening towards @stablekwon & how @LFG_org funds were used
someone has to pay for the bad deeds. karma is a bitch!!!
Do you know of any US-based lawsuits so far?
@cz_binance should follow the example. NOXBITCOIN (the service provider/exchange) refunded all his clientes losses on UST.
I personally know JP Oliveira the CEO of NOX and that was an amazing gesture.
but cz is making pizza while many people are desperate and without money that can make them make bad decisions
So #UST on exchanges, bueno
aUST on Anchor, no bueno
Seems legit 
we should consider switching to this exchange
Let's hope binance reimburse as well , it's literally the biggest exchange ..
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