What compensation amount are investors seeking in the lawsuit?

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Investors Seek £150 Million in Compensation from Binance Lawsuit

Nearly 1,700 British investors are seeking £150 million (RM811 million) in compensation through a lawsuit filed against cryptocurrency exchange Binance. The legal action, lodged in the UK High Court, stems from allegations that Binance promoted financial products in 2019 and 2020 that did not comply with British regulations.
Lawsuit Details and Allegations

The lawsuit was filed on Monday by a large group of British investors who claim Binance advertised and offered risky financial instruments that were not approved by UK regulators. These promotional activities, allegedly conducted between 2019 and 2020, are at the core of the legal challenge against the cryptocurrency exchange.
Basis for Compensation Claim

Investors assert that they are "ordinary people" who invested significant savings into these products and have suffered substantial financial harm. Their legal representatives have expressed a determination to hold Binance and its founder, Changpeng Zhao, accountable for operating in a market segment where consumers have historically had limited recourse when issues arise.
Regulatory Compliance Concerns

The crux of the legal claim is that the financial products offered by Binance during the specified period did not adhere to British law. The investors' case is built on the premise that the exchange promoted offerings that were outside the purview of, and unapproved by, the United Kingdom's regulatory bodies.

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What compensation amount are investors seeking in the lawsuit?

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