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FTX Sues Binance and Changpeng Zhao for $1,800,000,000 Over ‘Fraudulent’ Transfers From SBF: Report
- Bankrupt crypto exchange FTX is suing Binance and Changpeng Zhao for $1.8 billion over alleged fraudulent transfers.
- The transfers were initiated by Sam Bankman-Fried.
- FTX collapsed in 2022 due to mismanagement of customer funds by Bankman-Fried.
- Binance denies the claims and is prepared to defend themselves.
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