According to Reuters, around 1,700 UK investors have filed a lawsuit against Binance and its founder CZ in the London High Court, seeking at least £150 million (approximately $200 million) in damages. The plaintiffs claim that since late 2019, Binance has been offering leveraged and other high-risk crypto derivatives to UK investors without regulatory authorization, allegedly violating the UK's Financial Services and Markets Act by promoting these products. Binance stated it will actively defend itself and emphasized that the company remains committed to fulfilling its obligations to users and complying with applicable laws. https://www.(wublock123.com)/news/1700-uk-investors-sue-binance-cz-over-illegal-crypto-derivatives-63760