Overview
- Judge Andrew Carter’s ruling lets customers pursue claims arising on or before Feb. 20, 2019 in federal court.
- The court said Binance provided no direct announcement of an added arbitration requirement or guidance on where to locate it in the 2019 terms.
- A purported 2019 class-action waiver was deemed ambiguous and therefore unenforceable.
- Investors allege Binance sold unregistered tokens—ELF, EOS, FUN, ICX, OMG, QSP and TRX—and failed to warn buyers of significant risks.
- The case, dismissed in 2022 and revived by the Second Circuit in 2024, now proceeds limited to alleged pre-2019 conduct, with Binance noting later claims were withdrawn.