Learn more

The FTX bankruptcy estate continues filing lawsuits against cryptocurrency firms amid ongoing bankruptcy proceedings. A group of firms involved in the FTX bankruptcy proceedings has initiated a lawsuit against cryptocurrency exchange Binance, seeking to recover $1.8 billion, according to a complaint filed on Nov. 10. In the filing, the plaintiffs argued that Binance, its former CEO Changpeng “CZ” Zhao and other Binance executives received at least $1.76 billion worth of cryptocurrency in a fraudulent transfer from FTX. The transaction was Binance’s July 2021 repurchase deal with Sam Bankman-Fr…

cuu