A US appeals court has authorized a Binance-related theft lawsuit to proceed in federal court, overturning a lower court decision that had forced plaintiffs into arbitration. The Eleventh Circuit determined that the eight alleged cryptocurrency theft victims had never opened Binance accounts and were therefore not bound by the platform’s terms of use. This procedural ruling does not indicate Binance has been found liable. The plaintiffs must still prove their allegations, including those related to RICO and anti-money laundering.
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