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News Explorer — Binance Faces Class Action Lawsuit in Canada Over Alleged Securities Violations

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Apr 23, 2:10 pm
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Binance Faces Class Action Lawsuit in Canada Over Alleged Securities Violations

The Ontario superior court has approved a class action lawsuit against Binance, accusing the crypto exchange of selling unregistered crypto derivative products and violating securities law. The lawsuit claims that Binance sold these products to thousands of retail traders without registering with the Ontario Securities Commission. The plaintiffs are seeking damages for the trades and the rescission of their contract with Binance.

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