Binance Faces £150M UK Lawsuit as 1,700 Investors Seek Compensation Over Crypto Derivatives

Nearly 1,700 UK investors have filed a lawsuit against cryptocurrency exchange Binance and its founder, Changpeng Zhao (CZ), in Londons High Court, seeking at least 150 million (around $200 million) in damages over alleged unlawful sales of crypto derivatives. The claimants argue that Binance promoted and sold high-risk leveraged cryptocurrency derivatives to retail investors from late 2019 without the required authorization under UK financial regulations. According to the lawsuit, many retail traders suffered substantial financial losses, with some claiming they lost tens of thousands of…  Read more

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