Nearly 1,700 UK investors have sued Binance and founder Changpeng Zhao at London’s High Court, seeking at least £150 million ($200 million) over risky, complex derivative products the claimants say the exchange sold them without regulatory authorisation. The claim form, dated 29 June 2026 and led by claimant Tomas Sutas, names four defendants—Cayman Islands-registered Binance Holdings Limited, Abu Dhabi-registered Nest Exchange Limited, Zhao personally, and unidentified “persons unknown” operating the Binance trading platform. Filed by law firm KP Law, the action argues that these operators promoted and sold ... (full story)