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FTX Files $1.8 Billion Lawsuit Against Binance And Former CEO Changpeng Zhao

  • Crypto exchange FTX has filed a $1.8 billion lawsuit against Binance and its former CEO Changpeng Zhao.
  • FTX is seeking to recover creditors' funds, alleging fraudulent transfers and a campaign to destroy their competitor.
  • The lawsuit claims that a stake repurchase deal by FTX using its sister company, Alameda Research, was fraudulent.
  • Binance and Zhao are accused of orchestrating a malicious and coordinated effort to attack FTX and aggravate its withdrawal situation.

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