Cryptocurrency traders struggle to sue Binance
One fun (?) thing about cryptocurrency is that it’s newer than regular money — or as the cryptocurrency enthusiasts call it, fiat — and for this reason it is less regulated. I am going to leave the case against regulation to the libertarians who are interested in making it; instead, let’s direct our attention to this Wall Street Journal story about Binance.
Binance, the largest cryptocurrency exchange in the world, had a Robinhood-style oopsie woopsie during a plunge in Bitcoin value on May 19. Users were locked out of the system, and couldn’t make trades to stop the bleeding.