NEW YORK : Binance U.S. and its CEO were sued on Monday by a U.S. investor who alleges the cryptocurrency exchange falsely marketed Terra USD as a safe asset ahead of the so-called stablecoin's collapse in value last month.
Lockhart said Binance's failure to register with the U.S. government as a securities exchange limits disclosure about assets traded on the platform, harming investors. "These assertions are without merit and we will defend ourselves vigorously," the spokesperson said in a statement, adding that the exchange will delist Terra USD, a decision made before the lawsuit was filed.
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