UK investors sue Binance and founder Zhao Changpeng for US$200 million

Almost 1,700 British investors are suing Binance and founder Zhao Changpeng for at least £150 million (US$200 million), alleging the crypto trading platform sold them risky, complex derivative products without regulatory authorisation. The claimants allege Binance entities knowingly sold leveraged products, which can amplify gains or losses, and promoted them in breach of Financial Services regulations.