A user who filed a complaint against the exchange after being unable to withdraw his funds from the website was awarded roughly $2,000 in damages as well as the monies deposited as part of the September court ruling.
In Brazil, local courts have started to handle issues involving bitcoin exchanges.
A judge allowed an exchange to permit a customer to withdraw cash that had been banned because of their claimed involvement with a hacking attempt, according to an article in the local newspaper Metropoles about another comparable case that was concluded in December 2021.
The complaint is a result of the actions Binance had to take in June after Capitual, the exchange’s Brazilian payments provider, stopped processing Binance orders.
At the time, Binance failed to modify its technological infrastructure to conform to the new legislative standards, according to Capitual, which also provided services to other exchanges in the nation.