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FTX sues Binance for $1.76B in battle of crypto exchanges founded by convicts
- FTX has filed a lawsuit against Binance in an attempt to recover $1.76 billion.
- The lawsuit alleges that the funds were fraudulently transferred to Binance and its executives.
- Binance co-founder Changpeng Zhao is named as one of the defendants.
- The lawsuit claims that Binance exited its investment in FTX due to personal grievances.
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