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Miami Heat Star Gets Caught Up in Crypto Scandal Because Who Needs Personal Responsibility When You Can Just Blame Binance

An illustration of a basketball player, Jimmy Butler in his Miami Heat jersey and holding a Binance branded basketball with broken chains around it. The background is filled with falling cryptocurrencies from the lawsuit list: SOL, ADA, MATIC, FIL, ATOM, SAND, MANA, ALGO, AXS, COTI. In front of him are two large coins labeled as "BUSD" and "BNB". A faint image of a judge's gavel is seen in the distance with broken chains around it too. The basketball player has his arms outstretched upwards while looking down at the falling cryptocurrencies.

The cryptocurrency space is at it again, folks. This time we have NBA star Jimmy Butler and crypto YouTuber Ben Armstrong getting sued for promoting Binance’s unregistered securities – because what could possibly go wrong with that? The lawsuit claims they were paid to promote these shady assets, but I’m sure their “valid defenses” will be a real laugh riot in court. Meanwhile, the defendants are settling out of fear of sinking time and money into this mess.

Source: cointelegraph

NBA star Jimmy Butler and crypto YouTuber Ben Armstrong, known as “BitBoy,” have agreed to pay a combined $340,000 to settle a class-action lawsuit claiming they promoted Binance, which is alleged to have sold unregistered securities. Lawyers for the class group asked a Miami federal judge on Aug. 19 to give preliminary approval to the deal, which would resolve an ongoing lawsuit that has been ongoing since March 2023. Butler’s […]

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