• Binance investor Weixing Chen sues

    Early Binance investor sues claiming shares undervalued

    Investor Weixing Chen claims the exchange is not offering a fair price for his shares

    Chen claims that the firm is only willing to provide a valuation equivalent to its one-year profit—$500 million to $1 billion—which he believes that this is a gross undervaluation of the company. The report cites U.S. crypto exchange Coinbase and its 2018 valuation of $8 billion as data that backs this idea.