FTX Sues Binance CEO Zhao For $1.76 Billion
AOL · 2d
FTX sues Binance and former CEO Zhao for $1.8 billion received as part of a ‘fraudulent’ share deal
The estate of defunct crypto exchange FTX filed a suit against Binance and its former CEO ChangPeng Zhao seeking to recoup almost $1.8 billion FTX alleges was “fraudulently” transferred to Binance and executives by Sam Bankman-Fried as part of a share deal.
The Straits Times · 2d
FTX sues Binance and its former CEO Zhao Changpeng for $2.4 billion
LONDON - Collapsed cryptocurrency company FTX is suing Binance and its former chief executive Zhao Changpeng, alleging that US$1.8 billion (S$2.4 billion) was “fraudulently transferred” by FTX management to Binance and its executives.
Ars Technica · 3d
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.
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