Cointelegraph reported that the Ninth Circuit Court of Appeals partially overturned a lower court's dismissal of a class-action lawsuit against Binance.US, which alleged that the exchange illegally manipulated the price of the HEX token. A panel of three judges overturned the district court's previous dismissal of the class-action suit, finding that plaintiff Ryan Cox's claims against Binance.US and CoinMarketCap were reasonable. Cox first filed the class-action lawsuit in 2021, alleging that Binance Capital Management and Binance.US artificially limited the ranking of HEX on Binance's cryptocurrency price tracking platform, CoinMarketCap. Cox claimed this led to a lower trading price for HEX on Binance itself, while it had a higher ranking among its own cryptocurrencies. In February 2023, a district court judge initially dismissed the suit, ruling that Cox had not established any specific connection between his Arizona-based activities and Binance.US that could link Binance.US to the manipulation of HEX.