Defunct crypto group FTX seeks to claw back $1.8 bn from Binance
The liquidators of the defunct cryptocurrency exchange FTX have sued to try to claw back $1.8 billion paid by the company to competitor Binance the year before its bankruptcy, according to court documents filed Sunday.
FTX Sues Binance and Its Former CEO for $1.8 Billion
Collapsed cryptocurrency company FTX is suing Binance and its former CEO Changpeng Zhao, alleging that $1.8 billion 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,
Defunct FTX sues Binance, former CEO for fraud
The estate of the crippled digital exchange FTX filed a lawsuit against fellow crypto exchange Binance on Sunday as it tries to get back $1.76 billion in what it claims was a "fraudulent" share agreement.
FTX to Binance: Please Pay Us Back $1.8 billion
FTX's bankruptcy estate sued Binance to recover almost $1.8 billion that Sam Bankman-Fried spent buying back stakes that his one-time rival owned in his cryptocurrency exchange. FTX sold a 20% stake in the company to Binance in 2019,
FTX Sues Binance, Former CEO CZ for $1.8B
FTX has taken legal action against Binance and its former CEO Changpeng 'CZ' Zhao over an alleged fraudulent repurchase of shares by former FTX
FTX sues Binance for $1.76B in battle of crypto exchanges founded by convicts
The complaint filed yesterday in US Bankruptcy Court in Delaware names Binance and co-founder and former CEO Changpeng Zhao among the defendants. FTX founder Sam Bankman-Fried sold 20 percent of his crypto exchange to Binance in November 2019,
FTX sues Binance, ex-CEO Zhao seeking $1.8 billion
FTX filed a lawsuit against Binance Holdings Ltd. and its former Chief Executive Officer Changpeng Zhao, seeking to claw back almost $1.8 billion whose assets were fraudulently transferred by Sam Bankman-Fried.
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