11 Nov 202412:16
Project update
FTX sues Binance to claw back almost $1.8 billion

FTX sues Binance to claw back almost $1.8 billion

According to the filing, the plaintiffs argue that Binance exchange fraudulently received at least $1.76 billion in FTT, BNB, and BUSD in a deal in which FTX bought back the 20% shares of FTX International acquired by Binance in 2019 for as little as $18.6 million.