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UK Investors Sue Binance and Former CEO Changpeng Zhao for $200M


UK Investors Sue Binance and Former CEO Changpeng Zhao for $200M

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About 1,700 UK investors have launched a group lawsuit in London's High Court against Binance and founder Changpeng Zhao, alleging they sold risky crypto derivatives products to retail investors without authorization. The claim underscores regulatory and compliance risk for the centralized exchange (CEX) sector and could harm Binance's operations, reputation and lead to legal liabilities for the exchange.

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1,700 UK investors have launched a group lawsuit in London’s High Court against Binance and founder Changpeng Zhao.

The claimants say the pair sold risky crypto derivatives products to retail investors without authorization.

Read the article at CryptoPotato

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