What year did the alleged advertising campaigns take place?

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The alleged advertising campaigns took place between 2019 and 2020.

Nearly 1,700 British investors have initiated legal action against the cryptocurrency exchange Binance. The lawsuit, filed in the UK High Court, claims that the exchange promoted financial instruments that were not approved by United Kingdom regulators during the period of 2019 to 2020. Investors are seeking £150 million in compensation for alleged financial harm.
Lawsuit Filed in UK High Court

A group of approximately 1,700 British investors has filed a lawsuit against Binance in the UK High Court. This legal action centres on allegations that the cryptocurrency exchange offered trading products that did not comply with British regulations. The investors' legal representatives stated their determination to hold Binance and its founder, Changpeng Zhao, accountable for the alleged harm caused to their clients.
Allegations of Unlawful Product Promotion

The core of the lawsuit revolves around advertising campaigns conducted by Binance. It is alleged that these campaigns, which took place between 2019 and 2020, promoted financial instruments that were not approved by UK regulators. Lawyers representing the investors highlighted that many of their clients are ordinary individuals who invested significant savings and have suffered substantial financial losses.
Demand for Compensation

The investors are collectively seeking £150 million (approximately RM811 million) in compensation. This claim is based on the assertion that they have experienced real financial harm due to the alleged unlawful offerings by Binance. The legal team emphasised the need for accountability in cryptocurrency markets, noting that consumers have historically had limited recourse when issues arise.

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What year did the alleged advertising campaigns take place?

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