A judge has blocked Binance from compelling arbitration in class action lawsuits related to token sales, according to reports. The legal action originated in April 2020 with a series of class action lawsuits targeting major crypto exchanges and token issuers. The development prevents Binance from individually arbitrating the claims of class members, allowing the lawsuits to proceed in court. The lawsuits involve allegations related to the sale of digital tokens and the responsibilities of exchanges in those sales.

A judge has blocked Binance from compelling arbitration in class action lawsuits related to token sales, according to reports. The legal action originated in April 2020 with a series of class action lawsuits targeting major crypto exchanges and token issuers. The development prevents Binance from individually arbitrating the claims of class members, allowing the lawsuits to proceed in court. The lawsuits involve allegations related to the sale of digital tokens and the responsibilities of exchanges in those sales.