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FTX Sues Binance and Founder CZ for $1.8 Billion

  • FTX, a cryptocurrency exchange, has filed a lawsuit against Binance and its founder, CZ, demanding $1.8 billion in damages.
  • The lawsuit stems from a deal made in 2021, where Binance acquired a 20% stake in FTX.
  • FTX claims that Binance and CZ's actions have hurt their business, leading to the legal battle.
  • The lawsuit has caught attention in the crypto industry and could have significant consequences for Binance and the regulation of the crypto market.

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