The US Supreme Court rejected the appeal of Binance and Changpeng Zhao, allowing the continuation of the lawsuit by investors accusing the exchange of illegally selling ELF, EOS, FUN, and other tokens, which lost their value ⚖️

On January 13, 2025, the US Supreme Court rejected the appeal of Binance and Changpeng Zhao, attempting to avoid litigation with investors. The exchange was accused of illegally selling unregistered tokens that lost their value. The Court ruled that American securities laws can apply despite Binance not being an American company. Investors who bought ELF, EOS, FUN, and other tokens through Binance since 2017 are demanding their money back.