Jimmy Butler and Ben Armstrong Settle Binance Lawsuit for $340,000

Aug 21, 2024, 04:16 PM

NBA star Jimmy Butler and cryptocurrency influencer Ben Armstrong have agreed to settle a class action lawsuit related to Binance promotions. The settlement involves a combined payment of $340,000 to resolve claims that they misled Binance customers into purchasing unregistered securities. Attorneys are seeking preliminary approval for this first tranche of settlements in the litigation.