Binance lawsuit: Claimants mount up in arbitration for decentralization

Cointelegraph

Published Aug 27, 2021 09:07AM ET

Updated Aug 28, 2021 08:20AM ET

When does decentralization stop being an experiment in technological democracy and start being a way to avoid accountability?

That’s the question at the heart of a potential $100 million arbitration lawsuit against cryptocurrency exchange Binance, where close to 1,000 traders seek damages for losses suffered during the site’s outage on May 19.

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