The law firms involved have a track record of winning cases in the cryptocurrency sector
Moscowitz Law and Boies Schiller Flexner are set to sue crypto exchange Binance, NBA basketballer Jimmy Butler and two sector influencers.
Accusations have been made the exchange, and its CEO, Changpeng ‘CZ’ Zhao, were allowing the trade of cryptocurrencies that are deemed unregistered securities.
Several alleged finance gurus on social media promoted the exchange at the behest of commercial benefit.
Prominent crypto proponents Ben Armstrong, commonly referred to as “BitBoy Crypto” and YouTuber Graham Stephan, have been named in the official complaint.
The law firms previously collaborated to pursue a class action lawsuit against Voyager – which later would be declared bankrupt – and two lawsuits connected to the FTX collapse.
