Anonymous source: 11 class actions against the crypto industry could cost Binance billions of dollars

An anonymous source said that Roche Cyrulnik Freedman expects the latest 11 class-action lawsuits to take 3 to 4 years, which could cost Binance billions of dollars. Earlier news, Roche Friedman Law Firm filed eleven class actions in the cryptocurrency field. The lawsuits were Binance, Civic, BProtocol, Status, Block.one, KayDex, Quantstamp, BiBox, TRON Foundation, KuCoin, HDR Global Trading and its related leaders, including Brendan Blumer, Dan Larimer, Vinny Lingham, and Binance founder Zhao Changpeng (CZ). The core of the lawsuit is that the plaintiff believes that the relevant defendant violated the securities laws, and the investors include US citizens.