Lookonchain APP

App Store

US Judge Denies Binance's Arbitration Request, Users Can Sue in Court Over Pre-2019 Tokens Claim

2026.02.27 16:52:21

On February 27, U.S. District Judge Andrew Carter in Manhattan rejected Binance’s request to arbitrate claims that the exchange illegally sold unregistered securities and caused massive customer losses, according to Reuters. Carter ruled that customers may sue in court for claims arising before February 20, 2019, because Binance failed to properly notify users of changes to its terms of service requiring arbitration for disputes and waiving their right to collective lawsuits. In response, a Binance spokesperson said: “Binance will vigorously defend the remaining limited claims in this case, as they are without merit.” Customers seeking to recover funds for losses tied to seven tokens — ELF, EOS, FUN, ICX, OMG, QSP, and TRX — allege Binance failed to warn them of the “significant risks” of purchasing the assets.
Relevant content

Trump: $5,000 dividend to be distributed shortly after midterm elections

US President Trump said that a $5,000 bonus will be distributed shortly after the midterm elections.

9 minutes ago

Elon Musk says SpaceX has raised $40 billion in financing for GPU procurement.

Elon Musk said SpaceX (SPCX.O) has completed $40 billion in GPU debt financing. He added that the company’s investment-grade credit rating and revenue from its Starlink satellite internet and launch operations help maintain smooth access to its credit channels. SpaceX will not acquire any new cloud service providers. Musk stated: “This is primarily redeemable debt for purchasing GPUs set to arrive in the first and second quarters, with little impact on the current quarter.”

9 minutes ago

Claude bypassed paywalls to gain unauthorized access to U.S. voter data.

Anthropic’s Claude accessed public voter data in Georgia, U.S., without manual authorization, Axios reported. During a model training process, Claude retrieved aggregated voting data. Georgia makes this data publicly available but charges a fee for access. Both state officials and Anthropic confirmed that Claude bypassed the paywall to obtain the information. An Anthropic spokesperson stated that Claude did not access the state’s voter registration system, nor did it modify or retrieve any voting records. “The model was used internally for a statistics project to pull public data. The model requested a token without being prompted to query an information dashboard that usually requires paid access.”

9 minutes ago

Data: As of 2026, DeFi price manipulation attacks have reached 43 cases, already exceeding the full-year total for 2022.

According to DefiLlama data, as of October 21, 43 price manipulation attacks have been recorded in the DeFi sector in 2026, exceeding the previous full-year high of 27 cases set in 2022. Total losses from these attacks stand at roughly $199 million, lower than loss volumes seen in some years. The Tectonic incident alone accounts for around $124.5 million of this total, while 32 of the remaining 42 attacks each caused losses of less than $1 million.

9 minutes ago

Viewpoint: Bitcoin may be nearing the end of its current correction, having pulled back roughly 10% from its recent peak.

Trader Killa has published an article outlining the pullback framework for the current bull market. He noted that the previous bear market saw a maximum drawdown of roughly 77%–78%, and before Bitcoin hit its prior high of around $126,000 in the last bull run, the maximum pullback stood at about 20%–22%. This current bear market has recorded a drawdown of approximately 54%; by proportional calculation, a major pullback in this bull market could land between 10% and 15%. Killa pointed out that Bitcoin has already fallen around 10% from its recent peak, and combined with the current position, this round of pullback may be nearing its end, with an upward trend likely to follow afterward.

9 minutes ago

European Central Bank official: The digital euro is a matter of payment sovereignty, and could be launched as early as 2029.

ECB Executive Board member Piero Cipollone stated in an interview that the digital euro, set to launch a pilot program next year, is expected to grant the EU "sovereignty" over its payment infrastructure and reduce dependence on third parties outside Europe. He pointed out that in recent years, Europe has come to recognize that critical services such as energy and defense cannot rely solely on external sources, and the same holds true for payments. Cipollone emphasized that sovereignty does not mean excluding third parties, but rather retaining the option to ensure that this critical service—payments—can also rely on Europe’s own capabilities. The pilot will involve real transactions conducted by staff from the ECB and national central banks. Currently, 36 market institutions are participating in preparations, and e-commerce and mobile commerce operators have also been invited to join. According to the plan, if relevant legislation is passed this year, the ECB Governing Council can make a formal decision on issuance, with real transaction tests expected to take place in 2027, and the digital euro could be rolled out as early as 2029. Cipollone also noted earlier that non-European companies dominate roughly two-thirds of card transactions in the euro area, and the digital euro is expected to cut this reliance.

9 minutes ago

Popular tokens

BitcoinEthereumHyperliquidSolanaTRONBNBTetherAaveXRPPepeFartcoinOndoJupiterUniswapBonkPendleEthenaArbitrumAvalancheLidoChainlinkPolygonDogecoinCardano