Source: Coindesk.com
FTX has taken legal action against Binance and its former CEO Changpeng "CZ" Zhao over an alleged fraudulent repurchase of shares by former FTX CEO Sam Bankman-Fried. The repurchase was funded by Bankman-Fried's trading firm Alameda Research, but his second-in-command Caroline Ellison warned that “we don’t really have the money for this," according to a court filing.
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The post "FTX Sues Binance, Former CEO CZ for $1.8B" appeared first here Coindesk.com.
Source: Coindesk.com
