Crypto exchange FTX has filed a lawsuit against Binance and its founder Changpeng Zhao.
FTX aims to recoup nearly $1.8 billion in fraudulently transferred funds.
The lawsuit alleges that Binance acquired an equity stake in FTX in 2019 and later engaged in a share repurchase deal, which FTX claims was fraudulent.
FTX also accuses CZ of orchestrating a campaign to destroy FTX through false tweets and triggering a run on the bank.