The Financial Times reported that Binance founder Zhao Changpeng and Dimplx formed the UK joint venture Binance Digital Limited in 2019, but relations between the partners have since soured. Dimplx said it intended to sue Binance and over disputes arising from their business dealings, but declined to provide details of its claims. Dimplx accused Binance of filing a “grossly inaccurate” annual report for one of the British entities associated with the world’s largest crypto exchange.