FTX sues Binance and ex-CEO Zhao for $1.8b

FTX sues Binance and ex-CEO Zhao for $1.8b

FILE PHOTO: FTX logo is seen in this illustration taken March 31, 2023. REUTERS/Dado Ruvic/Illustration/File Photo

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.

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