FTX sues Binance and former CEO Zhao for $1.8 billion received as part of a ‘fraudulent’ share deal

Quick Summary:

The lawsuit alleges that Bankman-Fried bought out Binance while knowing his firms were insolvent.

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Article Details

Author / Journalist: Catherine McGrath

Category: EconomyBusiness

Markets: United StatesMali

Topics: Cryptocurrency FTX Binance

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-11 @ 20:39:38 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 14 words

Reading Time: 1 minutes read

Sentences: 20 lines

Sentence Length: 1 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fortune

News ID: 23529240

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Official Website: fortune.com

Update Frequency: 51 posts per day

Year Established: 1929

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

Ownership: Independent Company

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