Dossier
Zhao Changpeng
Coverage of Zhao Changpeng in the Nexus archive.
- UK investors sue Binance and founder Zhao Changpeng for US$200 million
UK investors are suing Binance and founder Zhao Changpeng for at least £150 million (US$200 million), alleging the sale of unauthorized risky derivative products like leveraged instruments without regulatory approval. Claimants say they suffered significant financial losses.
- 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.