Bankrupt and disgraced FTX sues Binance for $1.8 billion

FTX sues crypto exchange Binance and its former CEO Zhao for $1.8 billion
The litigation marks the latest escalation of tensions between two of the biggest names in crypto, after the meteoric collapse of FTX rocked the market.
Bankrupt and disgraced FTX sues Binance for $1.8 billion in bare-knuckle crypto feud
Imprisoned crypto king Sam Bankman-Fried is now accused of yet even more wrongdoing, this time by the defunct exchange he founded.
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.
Binance Co-Founder Changpeng Zhao Is Being Sued for $1.8 Billion by Sam Bankman-Fried’s Failed Crypto Exchange, FTX
FTX, which is currently in bankruptcy proceedings in Delaware, argues that the funds Binance and its executives received from FTX in the June 2021 were fraudulently transferred because FTX and its affiliated hedge fund,
FTX sues Binance as crypto chaos continues
I’m Conway Gittens reporting from the New York Stock Exchange. Here’s what we’re watching on TheStreet today. The stock market is coming off of its best week of the year and extending that rally into this new week.
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