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Dutch Fraud Lawsuit Against Binance Hits Obstacle

By Koos Couvée

Binance, the global, self-proclaimed "decentralized" cryptocurrency exchange that has fallen under increasingly rigorous legal and regulatory scrutiny in several countries over the past two years, must contend with a new problem, this time from former customers. Five Dutch victims have alleged that investment fraudsters used a digital wallet at Binance to bilk them out of €600,000 as part of a "boiler room" scheme. They now want to sue the exchange for failing to stop the crime and breaching anti-money laundering rules but have hit a wall, of sorts. The law firm representing them, Hupkes CS Advocaten, cannot identify the corporate...

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