{"id":875887,"date":"2024-11-12T10:21:03","date_gmt":"2024-11-12T04:51:03","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=875887"},"modified":"2024-11-12T10:21:03","modified_gmt":"2024-11-12T04:51:03","slug":"two-of-the-worlds-biggest-crypto-companies-are-fighting-again-this-time-over-this-2021-transaction","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/11\/12\/two-of-the-worlds-biggest-crypto-companies-are-fighting-again-this-time-over-this-2021-transaction\/","title":{"rendered":"Two of the world&#8217;s biggest Crypto companies are fighting again, this time over this 2021 transaction"},"content":{"rendered":"<p>The estate of bankrupt cryptocurrency exchange FTX has filed a lawsuit against Binance, the world&#8217;s largest crypto exchange, and its former CEO Changpeng Zhao, a report has said. FTX is seeking to recover at least $1.76 billion in the lawsuit that centres on a 2021 share repurchase deal that FTX alleges was fraudulent.<br \/>\nAccording to a report by CNBC, the lawsuit has been filed in a Delaware court, claiming that Binance, Zhao, and other parties involved in the transaction fraudulently exited their investment in FTX. In 2021, Binance sold its 20% stake in FTX and its 18.4% stake in FTX&#8217;s U.S. entity, West Realm Shires, back to FTX.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The estate of bankrupt cryptocurrency exchange FTX has filed a lawsuit against Binance, the world&#8217;s largest crypto exchange, and its former CEO Changpeng Zhao, a report has said. FTX is seeking to recover at least $1.76 billion in the lawsuit that centres on a 2021 share repurchase deal that FTX alleges was fraudulent. According to a report by CNBC, the lawsuit has been filed in a Delaware court, claiming that Binance, Zhao, and other parties involved in the transaction fraudulently exited their investment in FTX. In 2021, Binance sold its 20% stake in FTX and its 18.4% stake in FTX&#8217;s [&hellip;]<\/p>\n","protected":false},"author":9,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[87,4,11],"tags":[],"class_list":["post-875887","post","type-post","status-publish","format-standard","hentry","category-it-2-the-times-of-india","category-newspapers","category-the-times-of-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/875887","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=875887"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/875887\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=875887"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=875887"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=875887"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}