Binance Australia Sued Over Consumer Protection Breaches

Australian regulators have sued Binance Australia Derivatives for failing to protect retail customers. Binance Australia Derivatives is an Australian arm of the Binance exchange that focuses on crypto derivatives. The Australian Securities and Investments Commission (ASIC) claims that Binance Australia Derivatives misclassified over 500 retail investors as wholesale clients between July 2022... source: https://www.altcoinbuzz.io/cryptocurrency-news/binance-australia-sued-over-consumer-protection-breaches/