FTX filed a lawsuit against Binance and its former CEO Changpeng Zhao, demanding $1.8 billion for alleged fraud in July 2021. According to the lawsuit, Binance and its executives received $1.75 billion from Sam Bankman-Fried in the form of FTT, BNB, and BUSD tokens through a fake FTX share buyback agreement. This is part of FTX's efforts to recover lost funds in its bankruptcy proceedings.
11/11/2024 12:16:42 PM (GMT+1)
FTX filed a lawsuit against Binance and Changpeng Zhao, demanding $1.8 billion for fraud involving $1.75 billion in FTT, BNB, and BUSD tokens in 2021 🚨
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This material was prepared by Khachatur Davtyan, developed and translated by artificial intelligence.
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