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FTX sues Binance for $1.76B
FTX is suing Binance to recover nearly $1.8 billion
The estate of now-defunct crypto exchange FTX has filed a lawsuit against Binance and its former CEO Changpeng Zhao in a bid to recover $1.76 billion. FTX alleges these funds were fraudulently transferred to Binance,
FTX sues Binance for $1.76B in battle of crypto exchanges founded by convicts
The complaint filed yesterday in US Bankruptcy Court in Delaware names Binance and co-founder and former CEO Changpeng Zhao among the defendants. FTX founder Sam Bankman-Fried sold 20 percent of his crypto exchange to Binance in November 2019, but Binance exited that investment in 2021, the lawsuit said.
FTX sues Binance, ex-CEO Zhao seeking $1.8 billion
FTX filed a lawsuit against Binance Holdings Ltd. and its former Chief Executive Officer Changpeng Zhao, seeking to claw back almost $1.8 billion whose assets were fraudulently transferred by Sam Bankman-Fried.
Bloomberg on MSN
7h
Former Alameda Co-CEO Sam Trabucco Forfeits Yacht, Apartments to FTX Creditors
Fried’s inner circle before the collapse of FTX and Alameda Research two years ago, has agreed to hand over a slew of ...
Yahoo Finance
3h
The Failed Crypto Exchange FTX Is Suing Binance for $1.8 Billion
Somehow, the
FTX
saga still isn’t over. The estate of the failed cryptocurrency exchange founded by Sam Bankman-Fried is ...
Inside Bitcoins
12h
Next Cryptocurrency to Explode, November 11 — SolarX, FTX Token, Echelon Prime
With strong fundamentals, SXCH shows promise for future growth. If SolarX announces new partnerships, SXCH’s price could ...
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