The Crypto Exchange Binance asked a US Federal Judge to send all members of a class action action stating that it sells arbitration security, focusing that the group has denied their ability to develop an action in the class under the terms of the company.
The exchange on a May 16th filed with a New York federal court that service terms, which claimed that the class group agreed, had a clause that agreed to use users from the claims, including a clause that prevented users from launching class actions against the class against the class Crypto exchange.
“The court must handle that plaintiffs are required to arbitrate claims accumulated after February 20, 2019, even if the court followed its preliminary decision on claims accumulated before and that the departure of class in 2019 was implementing all claims of the plaintiffs,” Binance said.
In March, Judge Andrew Carter declined Binance’s request to have all claims to the class action sent to arbitration for users who Buy tokens in exchange Between April 1, 2017, and Feb. 20, 2019, and slightly declined motion for users to buy tokens after 2019 until a decision can be made to what will expand the arbitration clause will be applied.
Binance said in the latest files that it updated the terms in February 2019 to include the arbitration clause and argued that an earlier version of the Terms of Service includes a clause informing users that Binance can change terms if necessary without any individual notice ..
Binance case has previously been deleted
Judge Carter cooperated with Binance and removed the suit in March 2022. Binance argued that it was not seen in US security laws because it did not have a physical office in the country.
The US Court of Appeals for the Second Circuit has revoked that decision In March 2024and the Supreme Court later refused to hear Binance’s appeal In January of that year.
Related: The US judge is transferring Binance case to Florida, citing the first-to-file rule
Binance’s legal entanglements in the US have increased since mid -2023, when the Securities and Exchange Commission filed the company for the sale of unregistered security, which fixed for $ 4.3 billion in November 2023.
Binance was also slapped with a Class Action in Canada In April 2024 for allegedly violating security laws after it announced its removal from the country in May 2023.
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