FBI Cautions Of Increase In Cryptocurrency Romance Frauds.
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Binance Faces Another Lawsuit Against Illicit Market Manipulation.
2021-08-24 | Big Bob
"I have multiple audio and video files inside the office within which management is CLEARLY talking about 'quickly' liquidating the overleveraged 'longs and shorts' prior permitting price to continue up/down, so as to extend the companies' insurance fund & profits," claimed the user.Binance Holdings Limited has been the target of authorities in multiple countries along with Italy, Malaysia, Poland, Germany, the U.K., the Cayman Islands, Thailand, Canada, Japan, Singapore, and therefore the Netherlands, warning investors to exercise caution with regard to the firm or claiming it had been operating illegally. The warnings from regulators have likely led to some financial institutions not permitting their users to transfer any payments to the exchange. The exchange is additionally in more than one class-action lawsuit alleging it violated its rules on futures trading. Italy-based legal and consulting company Lexia Avvocati revealed earlier in July that it had been representing investors who lost “tens of millions” of dollars due to not having the ability to manage their trading positions and consider their balances due to the cryptocurrency exchange going offline for several hours on different days. Liti Capital, a Switzerland-based litigation funding provider, has made similar allegations in another separate class-action lawsuit filed earliera in August.
