土澳大狮兄BroLeon | Crypto | AI | Stocks|Mar 09, 2026 23:37
Seeing CZ write such a long response about winning the class-action lawsuit shows this is no small matter.
If you've lived in countries with common law systems, you'd know some lawyers love filing these kinds of lawsuits. They gather small fish together to go after the big fish, biting endlessly. If they succeed even once, the lawyers are set for life.
In Australia, there are tons of outdoor ads, even flyers stuffed into factories, all from lawyers targeting workers, saying, 'I can help you sue your employer.' That’s why Australian employers are super cautious, afraid of making any mistakes
Luckily, the judge was fair this time. Otherwise, Binance would not only be facing an endless wave of class-action lawsuits but also massive compensation claims and reputational damage. Previously, they settled for $4 billion, admitting to management loopholes and lack of strict oversight. But if they had lost this case, it would’ve been about collusion with terrorist organizations, which is way more serious.
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