By Joseph Branch in Economics News —

Binance is being sued because of the TerraUSD crash

Binance is being sued because of the TerraUSD crash
Photo by Kanchanara / Unsplash

On Monday, a U.S. investor sued Binance and its CEO. According to Jeffrey Lockhart, the cryptocurrency exchange falsely marketed Terra USD as a safe asset in the run-up to its collapse.

Lockhart also said that Binance's refusal to register with the U.S. government as a securities exchange limited disclosure of the assets traded on the platform, harming investors.