<ul><li>FTX, the bankrupt cryptocurrency exchange, has filed a lawsuit against Binance and former CEO Changpeng Zhao for $1.8 billion in fraudulent transaction claims.</li><li>The lawsuit alleges that a fraudulent transaction occurred in a share repurchase deal in July 2021, orchestrated by FTX co-founder Sam Bankman-Fried.</li><li>FTX claims that Binance's withdrawal from the investment was financed by approximately $1 billion in depositor funds from FTX.</li><li>Binance has denied the allegations, describing them as meritless, and pledged to defend itself against the lawsuit.</li></ul>

FTX Sues Binance and Former CEO Zhao for $1.8 Billion in Fraudulent Transaction Claims

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