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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Replying to @FatManTerra
UST is pumping right now. Can it peg back to $1?
4 replies 0 retweets 7 likes -
Replying to @DannyCryptohodl @FatManTerra
Impossible. That's just market makers liquidating shorters.
3 replies 0 retweets 29 likes
Replying to @TradeClaw @DannyCryptohodl
Exactly - MMs are punishing the late shorters and UST will probably head much lower post-snapshot, walking down from $0.09 right now to at a long-term price level of at most $0.01 IMO
8:38 AM - 25 May 2022
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