Binance and CZ Sued for $200 Million in UK Over ‘Unauthorized’ Derivatives Sold to 1,700 Traders

Nearly 1,700 UK investors have filed a £150 million (nearly $200 million) claim against Binance and founder Changpeng Zhao in London’s High Court, alleging the exchange sold them high-risk crypto derivatives it was never authorized to offer. A Decade-Old Marketing Push Under Scrutiny The claimants allege that Binance began marketing complex leveraged derivative products to […]

Source: https://news.bitcoin.com/binance-cz-uk-150-million-derivatives-lawsuit/