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

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CoinGeek 1w 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.