Crypto
Binance Arbitration Ruling Overturned in Crypto-Laundering Case
A federal judge in Florida has vacated a previous ruling that compelled arbitration for proposed class claims against Binance, alleging the exchange laundered stolen cryptocurrency.
The decision comes after a ruling from the Eleventh Circuit, which overturned a lower court's order to compel arbitration.
The case involves allegations of crypto-laundering and is part of an ongoing legal battle between Binance and its customers who claim they were affected by the exchange's alleged misconduct.
The judge's decision on Thursday effectively means that the proposed class claims will now proceed in court, rather than being resolved through arbitration.