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FTX sues Binance, CZ to reclaim $1.76B in fraudulent transfers

CoinGeek LogoCoinGeek1d ago

FTX sues Binance, CZ to reclaim $1.76B in fraudulent transfers - CoinGeek

Quick Summary:

The FTX suit seeks to claw back $1.76B in fraudulent transfers to be determined at trial; former Binance execs Xiao and Lim are named in the suit over allegedly taking personal stakes in FTX.

The post FTX sues Binance, CZ to reclaim $1.76B in fraudulent transfers appeared first on CoinGeek.

Late last week and through this weekend, the website of the FTX Debtors group was flooded with filings of new lawsuits targeting individuals/entities that allegedly owe money to the FTX exchange, which collapsed in November 2022 following revelations of massive fraud and embezzlement.

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Article Details

Author / Journalist: Steven Stradbrooke

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-12 @ 12:00:00 (1 days ago)

News Timezone: GMT +8:00

News Source URL: coingeek.com

Language: English

Article Length: 1984 words

Reading Time: 12 minutes read

Sentences: 65 lines

Sentence Length: 31 words per sentence (average)

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

Copyright Owner: © CoinGeek

News ID: 23554657

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Official Website: coingeek.com

Update Frequency: 4 posts per day

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News Last Updated: 9 hours ago

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Publisher ID: #82

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  • URL: https://beamstart.com/news/ftx-sues-binance-cz-to-17314197449354

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