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Crypto News Today: Why Is FTX Demanding $1.8 Billion from Binance?

  • FTX has filed a lawsuit against Binance and its former CEO, Changpeng Zhao (CZ), to recover $1.8 billion.
  • FTX claims the funds were fraudulently transferred by its co-founder, Sam Bankman-Fried, and received by Binance and Zhao.
  • The lawsuit accuses Binance of misleading tweets that contributed to the panic and withdrawal surge on the platform.
  • The outcome of the lawsuit could have significant consequences for Binance, its executives, and the cryptocurrency industry.

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