Binance and its ex-CEO ChangPeng Zhao, aka CZ, have been sued USD by FTX Trading Ltd; the bankrupted cryptocurrency exchange demands USD 1.8 billion from Binance and its former CEO, who was recently released from US jail. FTX was a crypto exchange that went bankrupt two years ago; however, the firm continued to get back in the market by seeking funds from its former investors. The crypto exchange sued Binance and Changpeng Zhao claiming the USD 1.8 billion were fraudulently transferred by its former CEO, SBF. Binance Founder Changpeng Zhao Getting Released After Serving 119 Days in Prison, Unlikely To Manage Crypto Exchange.

FTX Sued Binance and its Former CEO Changpeng Zhao with USD 1.8 Billion

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