£250m lawsuit against crypto firm Binance grows with 1000 new investors Crypto A thousand new UK-based retail investors have been added to a group legal claim against crypto trading platform Binace and its founder, alleging they were sold high-risk, complex products that did not have regulatory authorisation from the financial watchdog. There are now approximately 2,700 claimants in the case in England and Wales, with the total [...]
UK fintech stamps its authority on Europe but faces global threats Fintech The UK tightened the grip on its European fintech crown in the last year but came under growing pressure from fast-growing competitors ramping up their influence. A surge in investment in the second half of 2025 helped UK fintech hold onto the second place spot for total investment. The UK attracted $3.6bn (£2.7bn) last year, [...]
FTX hits Binance with lawsuit over Sam Bankman-Fried transactions Legal FTX launched legal action against Binance, seeking the return of almost $1.8bn that was allegedly transferred fraudulently.
Judge approves Binance £3.4bn guilty plea as US seeks to modify founder Zhao’s bond February 24, 2024 A US judge on Friday accepted Binance’s guilty plea and more than $4.3bn (£3.4bn) penalty for violating federal anti-money laundering and sanctions laws through lapses in internal controls at the world’s largest cryptocurrency exchange. US district judge Richard Jones in Seattle approved the plea, which includes a $1.8bn (£1.4bn) criminal fine and $2.5 (£2bn) billion [...]