What is the total compensation sought by the 1,700 UK investors?

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Nearly 1,700 UK Investors Seek £150 Million in Compensation from Binance

A group of approximately 1,700 British investors has initiated legal action against the cryptocurrency exchange Binance, seeking a total of £150 million (approximately RM811 million) in compensation. The lawsuit centres on allegations that Binance offered financial products to traders that were not approved by UK regulators and potentially violated British law.
Lawsuit Filed in UK High Court

The legal challenge was formally lodged on Monday at the UK High Court. This action represents a significant move by a large cohort of investors against a major global cryptocurrency platform.
Allegations of Unapproved Financial Instruments

Investors claim that Binance promoted and offered risky financial instruments between 2019 and 2020 through its advertising campaigns. These products are alleged to have been non-compliant with the regulations set forth by the United Kingdom's financial authorities.
Investors Cite Financial Harm and Lack of Recourse

Legal representatives for the investors stated that their clients are ordinary individuals who have suffered substantial financial losses, often involving significant savings. They expressed a determination to hold Binance and its founder accountable, highlighting that cryptocurrency markets have historically offered limited avenues for consumer recourse when issues arise.

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What is the total compensation sought by the 1,700 UK investors?

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