A judge has blocked Binance from compelling class action lawsuits related to token sales into arbitration, according to reports. The legal actions originated in April 2020 and targeted major crypto exchanges and token issuers. The development prevents Binance from individually arbitrating the claims of numerous plaintiffs involved in the class action. The court's decision impacts the procedural path of the lawsuits, keeping them consolidated rather than split into individual arbitration cases. The lawsuits involve token sales and the responsibilities of exchanges.

A judge has blocked Binance from compelling class action lawsuits related to token sales into arbitration, according to reports. The legal actions originated in April 2020 and targeted major crypto exchanges and token issuers. The development prevents Binance from individually arbitrating the claims of numerous plaintiffs involved in the class action. The court's decision impacts the procedural path of the lawsuits, keeping them consolidated rather than split into individual arbitration cases. The lawsuits involve token sales and the responsibilities of exchanges.