Entity representing Binance customers seeks compensation

A third-party entity called Eeon has intervened in the suit submitted by the United States Securities and Exchange Commission (SEC) versus crypto exchange Binance.As specified in the filing with the United States District Court for the District of Columbia, Eeon claims that the SEC and lawyers for Binance have actually stopped working to sufficiently represent the interests of the exchanges consumers, leading Eeon to look for representation for them.In the filing, Eeon asserted:” We are the suitable parties included in this case, as the Court identified us as Customers in its Order dated June 17, 2023. Various entities like e-commerce platforms, freelance services, seeking advice from companies, little export companies and travel agencies routinely participate in worldwide money transfers without being associated with money laundering activities, it said.Related: Binance headcount decrease hits 1,000 staff members: ReportIn its counterclaim, Eeon looks for settlement from Binance and the SEC, comparable to 20% of the daily value of withheld funds per customer, amounting to $1000 per day. Furthermore, both Binance and the SEC would be equally responsible for paying penalties, with $500 assigned to each.Cointelegraph has actually reached out to Binance for more info however is yet to receive a response.Magazine: Binance alerts on Maverick FOMO, Poly hack: Asia Express