Cryptocurrencies, FTX, Binance, Sam Bankman-Fried, Technology, Business Business | The Guardian
Collapsed cryptocurrency company says $1.8bn was ‘fraudulently transferred’ to Binance and its executivesThe collapsed cryptocurrency company FTX is suing Binance and its former CEO Changpeng Zhao, alleging that $1.8bn 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, which it acquired in 2019 but then negotiated to sell back to FTX in July 2021. Continue reading…
Collapsed cryptocurrency company says $1.8bn was ‘fraudulently transferred’ to Binance and its executives
The collapsed cryptocurrency company FTX is suing Binance and its former CEO Changpeng Zhao, alleging that $1.8bn 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, which it acquired in 2019 but then negotiated to sell back to FTX in July 2021.
