YZY Money Introduces Class Action Waiver in New Terms

YZY Money has introduced a new class action waiver clause into its user agreement, limiting users’ ability to join collective lawsuits against the project. This move aligns with industry practices where tech companies often utilize similar waivers to minimize legal risks. 94% of YZY Money tokens are held internally, potentially influencing liquidity. The decision comes at a time when YZY Money faces scrutiny for its centralized ownership structure. This class action waiver clause may significantly impact investor and token holder’s ability to seek redress, raising concerns about potential restrictions on their legal recourse.