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Jun 11

​Binance Faces Lawsuit Over Frozen Funds Linked to Nimbus Platform Ponzi Scheme

Abstract:Binance faces a lawsuit filed by Kirill Medvedev, accusing the crypto exchange of freezing assets linked to the Nimbus Platform Ponzi scheme. The legal action adds to Binance's woes as it is already under scrutiny from a CFTC lawsuit. Medvedev, who heads Tenzor Capital, seeks to recover his frozen Bitcoins and additional damages. The case raises questions about Binance's compliance procedures and comes at a time when the platform's governance is under intense scrutiny....

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