Florida Court Revivess $80 Million Binance Lawsuit, Setting Precedent for Crypto User Protection

A landmark legal decision has reignited a $80 million lawsuit against crypto giant Binance, potentially setting a precedent for user protection and jurisdiction in the global cryptocurrency market. This case originated from a Bitcoin hack in 2018, where plaintiff Jonny Chen alleged his funds were stolen from the exchange. The Florida Third District Court of Appeal reversed the initial dismissal of the lawsuit, paving the way for a trial that could redefine crypto industry accountability.