A group of British investors has filed a lawsuit in the United Kingdom seeking nearly $200 million from crypto exchange Binance and its founder, Changpeng Zhao, according to a Reuters report. The legal action targets both the company and its high-profile leader, who stepped down as CEO in 2023 after the exchange reached a settlement with U.S. authorities over compliance failures. The lawsuit adds to a growing list of legal challenges Binance has faced across multiple jurisdictions in recent years. Details of the specific allegations underpinning the claim were not fully disclosed in the initial reporting. The case underscores continued legal scrutiny of the world's largest cryptocurrency exchange and its founder, even as the company works to rebuild its regulatory standing globally. Binance has not yet publicly responded to the latest filing.
— Sponsored —
Trade smarter on BYDFI
Get a bonus on your first deposit — from $50 at $100, up to $2,000 at $20k. 200x leverage, 600+ perpetuals, deep liquidity.