FTX Sues Binance, Former CEO CZ for $1.8B

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The filing alleges that FTX was already insolvent and the FTT tokens used in a share repurchase transaction were worthless, and therefore the transfer should be classed as fraudulent.

Source: CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data

#Policy, #News, #Binance, #FTX, #SamBankmanFried, #ChangpengCZZhao, #Lawsuits, #CryptoExchanges, #Bankruptcy

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