Sao Paolo Court Ruled Against Binance in User Withdrawal Related Case

Sao Paolo Court Ruled Against Binance in User Withdrawal Related Case


A court in Sao Paolo, Brazil, ruled against Binance in a case in which the leading cryptocurrency exchange faced a withdrawal-related complaint. A user, who introduced a lawsuit against the exchange because he couldn’t retrieve his funds from the platform, received almost $2,000 in damages and the funds deposited as part of the court decision in September.

Binance Loses Lawsuit in Sao Paolo

Local courts have begun to deal with cryptocurrency exchange-related cases in Brazil. Binance, one of the biggest cryptocurrency exchanges in the market, lost a case derived from the inability of processing withdrawals for a customer in Sao Paolo in September.

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According to recent reports, the customer who filed the complaint alleged the exchange was not able to process a withdrawal of almost

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