Minor addendum: I used the wrong legal term here (d'oh) - the correct term for the most likely type of action being filed is 'mass arbitration', although class actions are also being considered.
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I have received word from a verified source at a top law firm in the US that class actions are being prepared against Binance, Gemini, Kraken, and Coinbase under the Securities Act for the sale of UST and LUNA to US customers. They are looking to file within ten weeks.
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@cz_binance let people redeem 1:1 with usdc and that's it, forget all this mess. - Show replies
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Nothing will happen, nothing at all.
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Whatever
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Source?
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Each of us is responsible fully for whatever we buy and sell
- End of conversation
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Great but everybody isn’t from usa
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