Investor Alert: Kaplan Fox Investigating Potential

NEW YORK, June 17, 2022 (GLOBE NEWSWIRE) — Kaplan Fox & Kilsheimer LLP (www.kaplanfox.com) investigates claims on behalf of investors who bought or sold Terra USD or LUNA, two crypto-assets, from BAM Trading Services Inc. which operates under the trade name Binance US (the “Company” or “Binance US”) .

A lawsuit has been filed in federal court in San Francisco against Binance US alleging that the company has failed to register under federal or state law as a registered stock exchange or broker and n did not disclose that Terra USD, also called UST, and LUNA are securities.

According to the complaint, “Binance US’s non-compliance with securities law and its false advertisements on Terra USD had dire consequences for Binance US customers: in May 2022, in the space of just a few days , UST lost essentially all of its value – a loss of approximately $18 billion. Unlike Binance US advertisements, the complaint alleges that UST was not “safe”, “stable” or fiat”.

Reportedly, the SEC is investigating whether the marketing of Terra USD before its crash last month violated federal investor protection regulations.

If you have bought or sold Terra USD or LUNA from Binance US or have suffered significant losses in other cryptocurrencies and would like to discuss our investigation, please contact us by email [email protected] or by calling (646) 315-9003.

This press release may be considered attorney advertising in certain jurisdictions under applicable law and ethics rules.

Kaplan Fox & Kilsheimer LLP, with offices in New York, San Francisco, Los Angeles, Chicago and New Jersey, has many years of experience pursuing investor class actions. For more information about Kaplan Fox & Kilsheimer LLP, you can visit our website at www.kaplanfox.com. If you have any questions about this survey, your rights or your interests, please contact:

Frederic S. Fox
KAPLAN FOX & KILSHEIMER LLP
850 Third Avenue, 14th Floor
New York, New York 10022
(646) 315-9003
E-mail: [email protected]

Laurence D. King
KAPLAN FOX & KILSHEIMER LLP
1999 Harrison Street, Suite 1560
Oakland, CA 94612
(415) 772-4704
Fax: (415) 772-4707
E-mail: [email protected]

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