A group of nearly 1,700 investors in the United Kingdom files a lawsuit in London against cryptocurrency exchange Binance and its founder, Changpeng Zhao (CZ). The claim seeks at least £150 million (about US$200 million). According to the claims described in reports, the investors allege Binance sold them risky and complex derivative products—such as leveraged products that can amplify gains and losses—without regulatory authorisation. The investors say these products were promoted to them from late 2019 onwards, and that Binance entities knowingly offered investments that exposed them to substantial losses. Some claimants state they have lost tens of thousands of pounds. The lawsuit also alleges that the sales and promotions breached UK financial services rules. The case centres on whether the defendants had the required permissions to offer such products and whether the investors were properly informed and protected under applicable regulation. The reports do not indicate the lawsuit’s outcome and do not provide details of Binance’s or CZ’s response in the excerpts provided.