Binance Escapes HEX Token Owner’s Suit Over ‘Suppressed’ Ranking

The Binance.US cryptocurrency exchange and two affiliated companies can’t be sued in Arizona over their alleged suppression of a competing token’s rating, a federal court ruled.

The proposed class suit by HEX token holder Ryan Cox must be dismissed, Judge Susan M. Brnovich said Feb. 10 for the US District Court for the District of Arizona.

• Binance Capital Management Co., registered in the British Virgin Islands; its affiliate BAM Trading Services Inc., which does business as Binance.US; BCM’s coin ranking website operator, CoinMarketCap OpCo LLC; and individual defendants are all out of the suit
• Cox alleged CoinMarketCap’s ranking website improperly ...