Binance, CZ, and NBA star Jimmy Butler and other crypto influencers hit with $1B suit for promoting unregistered securities
Just four days after the Commodity Futures Trading Commission brought a highly-publicized suit against Binance, the world’s largest cryptocurrency exchange is facing another high-profile legal challenge. Late on the evening of March 31, the Moskowitz Law Firm and Boies Schiller Flexner, home to super-attorney David Boies, filed a class action suit that targets Binance, its founder Changpeng Zhao (CZ)-the world’s leading spokesman for the crypto industry-and hoops star Jimmy Butler of the Miami Heat.