Nearly 1,700 UK investors are suing Binance and founder CZ for £150 million, alleging the exchange sold unauthorized crypto derivatives to retail traders.

LONDON, June 30 : Almost 1,700 British investors are suing Binance and founder Changpeng Zhao for at least £150 million ($200 million), alleging the crypto trading platform sold…

The claimants, some of whom said they had lost tens of thousands of pounds, allege Binance entities knowingly sold investments such as leveraged products, which can amplify…