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Why is the Binance crypto platform going to be sued in France?

Binance, the world’s largest cryptocurrency trading platform, experienced a major outage in May, when the price of bitcoin dropped sharply. Some users, who were not able to access their account at that time, would consider legal action. On May 19, 2021, the price of bitcoin fell sharply and suddenly. While it sold at midnight at 35,000 euros, at 3:00 pm, the price had plunged to 27,000 euros. This decline of more than 20% in the value of bitcoin, in just a few hours, panicked bitcoin markets and owners, who sought to sell their possessions as long as the price was still relatively high. But, for many Binance users, it was impossible to sell on May 19, reports the Wall Street Journal