ch0k1 on Nostr: FTX sues crypto exchange Binance and its former CEO Zhao for $1.8 billion ...
FTX sues crypto exchange Binance and its former CEO Zhao for $1.8 billion
https://www.cnbc.com/2024/11/11/ftx-sues-crypto-exchange-binance-and-its-former-ceo-zhao-for-1point8-billion.html
The estate of collapsed crypto exchange FTX has filed a suit against Binance and its former CEO Changpeng Zhao in an effort to wrest back at least $1.76 billion, citing a "fraudulent" share deal.
In a Sunday filing with a Delaware court, FTX cites a 2021 transaction in which Binance, Zhao and others exited their investment in FTX, selling a 20% stake in the platform and a 18.4% stake in its U.S.-based entity West Realm Shires back to the company.
originally posted at https://stacker.news/items/762953
https://www.cnbc.com/2024/11/11/ftx-sues-crypto-exchange-binance-and-its-former-ceo-zhao-for-1point8-billion.html
The estate of collapsed crypto exchange FTX has filed a suit against Binance and its former CEO Changpeng Zhao in an effort to wrest back at least $1.76 billion, citing a "fraudulent" share deal.
In a Sunday filing with a Delaware court, FTX cites a 2021 transaction in which Binance, Zhao and others exited their investment in FTX, selling a 20% stake in the platform and a 18.4% stake in its U.S.-based entity West Realm Shires back to the company.
originally posted at https://stacker.news/items/762953