Greenberg Traurig shareholder Daniel J. Tyukody and associate Alex Linhardt have stepped in to defend Binance, a Malta-based cryptocurrency exchange platform, and its CEO Changpeng Zhao in a pending securities class action. The suit, filed Oct. 2 in California Northern District Court by the Devlin Law Firm and Corexlegal, accuse Zhao of issuing statements that hastened the demise of FTX in order to remove a competitor and strengthen Binance's hold on the crypto market. The suit alleges that Zhao's actions violated federal securities laws and California's Unfair Competition Law. The case, assigned to U.S. District Judge Trina L. Thompson, is 3:23-cv-05038, Lahav v. Binance Holdings Limited et al.
Fintech
December 05, 2023, 8:34 AM