F
FTX Estate Sues Binance and Former CEO Zhao for $1.8 Billion Over “Fraudulent” Share Deal
It seems that the bankruptcy of the US crypto exchange FTX will continue to cause ripples across the crypto scene. In a high-stakes lawsuit, the FTX estate is targeting Binance and its former CEO, Changpeng Zhao (CZ), seeking $1.8 billion over a controversial 2021 share buyback deal. Allegations include claims of a “constructive fraudulent transfer” and accusations of tweets that allegedly accelerated FTX's collapse.