Binance Due in Italian Court Over Exchange OutagesRelated Lawsuit

Binance is set to appear for a class action lawsuit in Italy over outages it experienced in 2021. The investors who filed the lawsuit say the exchange was down during critical trading times, and are asking for damages over the losses. Binance is set to appear in court over a lawsuit in Italy over outages it has experienced. The lawsuit was filed in November 2021, with the investors saying that the outage took place during a critical time for trading. Many exchanges faced outages in 2021 due to several incidents that resulted in large price swings, which they wanted to cash in on.