FTX sues crypto exchange Binance and its former CEO Zhao for $1.8 billion
The estate of the collapsed crypto exchange FTX is suing Binance and its former CEO Changpeng Zhao, seeking at least $1.76 billion over a “fraudulent” share deal. The lawsuit, filed in Delaware, concerns a 2021 transaction where Binance and Zhao sold a 20% stake in FTX and an 18.4% stake in its U.S. entity, West Realm Shires, back to the company. FTX claims the repurchase … Continue reading FTX sues crypto exchange Binance and its former CEO Zhao for $1.8 billion
