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FTX Launches $1.8B Lawsuits Against Binance and Scaramucci

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Source: Bloomberg
FTX Launches $1.8B Lawsuits Against Binance and Scaramucci
Photo: Bloomberg
TL;DR

FTX has filed a lawsuit against Binance and its former CEO Changpeng Zhao, seeking to recover nearly $1.8 billion allegedly transferred fraudulently by Sam Bankman-Fried. The funds were part of a 2021 share repurchase deal where Binance and Zhao sold their stakes in FTX's international and US-based units. Bankman-Fried, the FTX co-founder, is currently in prison.

Topics:business#binance#business#changpeng-zhao#ftx#lawsuit#sam-bankman-fried
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  1. FTX Sues Binance, Former CEO Zhao Seeking $1.8 Billion Clawback  Bloomberg
  2. FTX sues crypto exchange Binance and its former CEO Zhao for $1.8 billion  CNBC
  3. FTX Sues Scaramucci to Recoup Money Poured in Showy Investments  Bloomberg
  4. FTX bankruptcy estate files $1.8B lawsuit against Binance, CZ  Cointelegraph
  5. Anthony Scaramucci Sued By FTX, Says Bankman-Fried Made Investments In SkyBridge Endeavors That 'Conveyed Little To No Benefit'  Benzinga

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