Share this article

FTX Sues Binance, Former CEO CZ for $1.8B

The filing alleges that FTX was already insolvent and the FTT tokens used in a share repurchase transaction were worthless, and therefore the transfer should be classed as fraudulent

By Jamie Crawley|Edited by Sheldon Reback

Updated Nov 11, 2024, 1:10 p.m. Published Nov 11, 2024, 12:14 p.m.

Binance's former CEO, Changpeng "CZ" Zhao (Photos from Smorshedi/Wikimedia Commons and CoinDesk/Flickr, modified by CoinDesk)