A panel of three judges has partially reversed a class-action lawsuit that alleged Binance.US and CoinMarketCap manipulated the price of the HEX token.
A United States appeals court has partially reversed the dismissal of a proposed class-action lawsuit against Binance.US which alleges the exchange unlawfully manipulated the price of the HEX token.
A panel of three judges in the Ninth Circuit reversed a district court’s previous dismissal of the class action suit, saying the plaintiff, Ryan Cox, had made justifiable claims against Binance.US and CoinMarketCap.
Cox first filed the class-action lawsuit in 2021, alleging that Binance Capital Management and Binance.US artificially restricted HEX’s ranking on CoinMarketCap — a cryptocurrency price-tracking platform that Binance owns.
