Binance.US Accused of Misleading Investors in Terra Class Action Lawsuit

The lawsuit, which was filed by US law firm Roche Freedman LLP, alleges that Binance.US marketed Terra's dollar-based UST as more stable than it actually was. According to the lawsuit, when UST and its sister token Luna classic (LUC) crashed in May, thousands of unsuspecting retail investors were caught completely by surprise. False advertising is what the lawsuit says is to blame for these losses.