Circuit

Coin

<ul class="wp-block-list news-points"> 
 <li>US appeals court revives HEX token manipulation case against Binance.US, reversing previous dismissal.</li> 
 <li>Lawsuit claims Binance.US manipulated HEX token ranking on CoinMarketCap, causing price drop.</li> 
 <li>Court finds sufficient US ties to hold Binance.US accountable for alleged HEX manipulation.</li> 
</ul>   
A U.S. appeals court has revived a class-action lawsuit accusing Binance.US and CoinMarketCap of manipulating the price of HEX token. The ruling overturned a previous dismissal, allowing the case to proceed. In a way, this decision breathes new life into a <a href="https://law.justia.com/cases/federal/appellate-courts/ca9/23-15363/23-15363-2024-08-12.html" target="_blank" rel="nofollow">class-action</a> lawsuit initially filed by Ryan Cox, who claims that the cryptocurrency exchange and its data platform, CoinMarketCap, unlawfully manipulated the ranking and price of HEX.   
On August 12, a three-judge panel from the Ninth Circuit Court of Appeals reversed an earlier ruling by a district court. The district court had dismissed Cox’s claims in February 2023, citing insufficient proof of a connection between Binance.US’s actions in Arizona and the alleged HEX manipulation. The district court had ruled that Cox failed to establish a sufficient link between the exchange’s activities and the state of …
The post <a href="https://coinedition.com/binance-us-hex-lawsuit-revived-by-appeals-court/">Binance.US HEX Lawsuit Revived by Appeals Court</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Binance.US HEX Lawsuit Revived by Appeals Court

Coin Edition

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