FTX Launches $1.8B Lawsuits Against Binance and Scaramucci
TL;DR Summary
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.
- FTX Sues Binance, Former CEO Zhao Seeking $1.8 Billion Clawback Bloomberg
- FTX sues crypto exchange Binance and its former CEO Zhao for $1.8 billion CNBC
- FTX Sues Scaramucci to Recoup Money Poured in Showy Investments Bloomberg
- FTX bankruptcy estate files $1.8B lawsuit against Binance, CZ Cointelegraph
- Anthony Scaramucci Sued By FTX, Says Bankman-Fried Made Investments In SkyBridge Endeavors That 'Conveyed Little To No Benefit' Benzinga
Reading Insights
Total Reads
0
Unique Readers
0
Time Saved
0 min
vs 1 min read
Condensed
37%
89 → 56 words
Want the full story? Read the original article
Read on Bloomberg