Brian Shroder Luna city Santiment city Santimenton CEO Action Fighting Brian Shroder Luna city Santiment city Santimenton

LUNA and LUNC: A fight on the legal front, but what of the price front?

Reading now: 683
ambcrypto.com

In light of regulatory actions following the collapse of Terra’s LUNA and its UST stablecoin, holders of these crypto-assets now seek compensation for their losses.On 13 June, a class-action lawsuit was instituted against Binance.US and its CEO Brian Shroder by Jeffrey Lockhart, who sued for himself and on behalf of all other “similarly situated” claimants.

According to the lawsuit, the claimants allege that Binance.US advertised and sold UST to investors as a “safe asset that could be used to earn substantial returns, including in the form of interest.” In doing so, the exchange misled its users about the “safety” of Terra’s UST stablecoin, it added.

Read more on ambcrypto.com
The website fvbb.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA