NBA star Jimmy Butler and BitBoy agree to pay $340,000 to settle class action lawsuit against Binance
According to The Block, NBA All-Star Jimmy Butler and cryptocurrency YouTuber Ben 'BitBoy' Armstrong have agreed to pay a total of $340,000 to settle a class-action lawsuit related to Binance. The settlement is still subject to court approval.The lawsuit alleges that the two illegally promoted unregistered securities for payment from Binance and solicited new customers, causing consumer losses. The lawsuit was filed in March 2023 and includes allegations of promoting cryptocurrencies such as BNB and BUSD as securities. Both individuals deny any wrongdoing.
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