FTX Sues Binance and Ex-CEO Zhao, Seeking $1.8 Billion Clawback
FTX filed a lawsuit against Binance Holdings and its former Chief Executive Officer Changpeng Zhao, seeking to claw back almost $1.8 billion (roughly Rs. 15,189 crore) it alleges was fraudulently transferred by Sam Bankman-Fried. Binance, Zhao and other Binance executives received the funds as part of a July 2021 share repurchase deal with Bankman-Fried, the … Read more