Collapsed cryptocurrency company says $1.8bn was ‘fraudulently transferred’ to Binance and its executives
The collapsed cryptocurrency company FTX is suing Binance and its former CEO Changpeng Zhao, alleging that $1.8bn was “fraudulently transferred” by FTX management to Binance and its executives.
The lawsuit relates to Binance’s sale of its stake in Sam Bankman-Fried’s FTX, which it acquired in 2019 but then negotiated to sell back to FTX in July 2021.
More Stories
Will Japan’s close ties with US survive the caprice and quirks of Donald Trump?
Albania bans TikTok for a year after fatal stabbing of teenager last month
EU should spare carmakers from ‘punitive’ emissions fines, says Scholz