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FTX Sues B...
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FTX Sues Binance and Former CEO Changpeng Zhao, Seeks $1.8 Billion: Report

  • FTX has filed a lawsuit against Binance and its former CEO Changpeng Zhao, seeking to retrieve $1.8 billion.
  • FTX alleges that the funds were fraudulently transferred by its former CEO, SBF, to Binance and its executives.
  • The lawsuit claims that FTX and Alameda Research were insolvent, making the transfer fraudulent.
  • FTX's current leadership also accuses CZ of making false and misleading tweets that accelerated the collapse of the exchange.

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