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What actions will Binance take as a result of the $340,000 lawsuit settlement by December 31, 2024?
3
Resolution / Starting Odds
Implement stricter promotion policies • 25%
No significant changes • 25%
Increase transparency in promotions • 25%
Other • 25%
Official announcements from Binance
Story
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.
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Complaint dismissed • 25%
Settlement reached • 25%
Binance found liable • 25%
Other • 25%
Dismissed • 25%
Settled • 25%
Ruled in favor of SEC • 25%
Ruled in favor of Binance • 25%
Dismissed • 25%
Settlement reached • 25%
Binance found liable • 25%
Ongoing litigation • 25%
Binance found guilty • 25%
Binance not guilty • 25%
Case dismissed • 25%
Settlement reached • 25%
Launch new legal strategies • 33%
Settle out of court • 33%
Withdraw from certain markets • 33%
SEC wins • 33%
Binance wins • 33%
Case dismissed • 34%