FTX Sues Binance, Former CEO Zhao Seeking $1.8B Clawback

By Alex Wittenberg

The estate of fallen cryptocurrency exchange FTX has sued Binance and its former CEO Changpeng Zhao to recover $1.76 billion it says the defunct company illegally transferred prior to its collapse two years ago, alleging FTX used customer money to complete a share repurchase that it couldn't otherwise afford.

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