A group of UK-based cryptocurrency investors has filed a class-action lawsuit against Binance and its founder Changpeng Zhao, seeking up to $200 million in damages. One plaintiff claims he lost over $132,000 from Binance's derivatives offerings before restrictions were imposed, alleging illegal provision of derivative services to UK investors.
A group of UK-based cryptocurrency investors has filed a class-action lawsuit against Binance and its founder Changpeng Zhao, seeking up to $200 million in damages. One of the plaintiffs claims he lost the equivalent of more than $132,000 from the exchange's derivatives offerings before restrictions were imposed on Binance. The lawsuit, filed in a UK court, alleges that Binance illegally offered derivative services to UK investors without proper authorization, violating local financial regulations. Binance has yet to issue an official response to the allegations.
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