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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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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Replying to @8zeros
As far as us normal non-lawyer folk are concerned, it's pretty much the same thing - @wassielawyer what do you think
6:54 AM - 25 May 2022
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