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JUST IN! FTX Files Lawsuit Against Binance Former CEO CZ, Demanding $1.8 Billion!

11.11.2024

According to Bloomberg, FTX has filed a lawsuit against Binance and its founder CZ. FTX is demanding $1.8 billion in the lawsuit.

According to the report, FTX has filed a lawsuit against Binance and its former CEO Changpeng Zhao to recover approximately $1.8 billion that it claims was fraudulently transferred by Sam Bankman-Fried.

Binance, Changpeng Zhao, and other Binance executives received the funds as part of a share buyback agreement with now-jailed FTX co-founder Bankman-Fried in July 2021.

*This is not investment advice.

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11.11.2024
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