NEW YORK : A federal judge on Thursday dismissed a lawsuit accusing Binance, the world's largest cryptocurrency exchange by trading volume, of violating U.S. securities laws by selling unregistered tokens and failing to register as an exchange or broker-dealer.
In a 327-page complaint, the investors claimed that Binance"wrongfully engaged in millions of transactions" and failed to warn them about the"significant risks" of buying the tokens, and sought to recoup what they paid. He also said domestic securities laws did not apply because Binance was not a domestic exchange, even if it used Amazon computer servers and Ethereum blockchain computers in the United States.
Kyle Roche, a lawyer for the investors at Roche Freedman, declined to comment. Binance and its lawyers did not immediately respond to requests for comment.
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