A federal judge dismissed a lawsuit accusing Binance of violating U.S. securities laws by selling unregistered tokens and failing to register as an exchange or broker-dealer. The lawsuit had been brought in Manhattan by digital token investors who had bought nine tokens through Binance's online exchange starting in 2017 and which soon lost much of their value, claiming that Binance "wrongfully engaged in millions of transactions" and failed to warn them about the "significant risks" of buying the tokens.