FTX files lawsuit against Binance and former CEO; seeks $1.8 billion in recovery
By
Isha Sharma
FTX has filed a lawsuit against Binance and its former Chief Executive Officer Changpeng Zhao. The bankrupt cryptocurrency exchange firm aims to recover nearly $1.8 billion, claiming it was fraudulently transferred by Sam Bankman-Fried – former CEO of FTX to Binance and its executives.