Binance and CZ Sued for $200 Million by 1,700 British Investors

Binance and founder Changpeng Zhao face a nearly $200 million lawsuit in the UK from 1,700 investors who allege the exchange offered risky leveraged products without regulatory approval.

• The lawsuit seeks roughly $200 million (150 million pounds) from Binance and CZ.
• Nearly 1,700 British investors are listed as claimants in the UK suit.
• The alleged violations involve offering complex leveraged trading products without approval in late 2019.
• The UK FCA banned crypto derivatives for retail customers in January 2021.
• Binance also recently withdrew its MiCA license application in Greece, complicating its EU operations.

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Last updated 1 Jul 2026