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4 months ago
According to reports, the cryptocurrency exchange, Binance, has been hit with a class action lawsuit in the US alleging that it facilitated unlicensed money transmission and other violations. The lawsuit was reportedly filed in the Northern District of California by a user of the exchange who claims to have suffered financial losses due to Binance's alleged actions. The news of the lawsuit sent shockwaves through the crypto market, resulting in a sharp decline in prices of Bitcoin and other digital assets. However, the market was able to stabilize after investors began to accept the news as part of the natural evolution of the crypto industry.
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