{"id":16521,"date":"2024-11-11T17:37:15","date_gmt":"2024-11-11T16:37:15","guid":{"rendered":"https:\/\/costops.com\/index.php\/2024\/11\/11\/ftx-sues-binance-and-its-former-ceo-for-1-8bn\/"},"modified":"2024-11-11T17:37:15","modified_gmt":"2024-11-11T16:37:15","slug":"ftx-sues-binance-and-its-former-ceo-for-1-8bn","status":"publish","type":"post","link":"http:\/\/costops.com\/index.php\/2024\/11\/11\/ftx-sues-binance-and-its-former-ceo-for-1-8bn\/","title":{"rendered":"FTX sues Binance and its former CEO for $1.8bn"},"content":{"rendered":"<p>Collapsed cryptocurrency company says $1.8bn was \u2018fraudulently transferred\u2019 to Binance and its executives<\/p>\n<p>The collapsed cryptocurrency company FTX is suing Binance and its former CEO Changpeng Zhao, alleging that $1.8bn was \u201cfraudulently transferred\u201d by <a href=\"https:\/\/www.theguardian.com\/business\/ftx\">FTX<\/a> management to Binance and its executives.<\/p>\n<p>The lawsuit relates to Binance\u2019s sale of its stake in <a href=\"https:\/\/www.theguardian.com\/business\/sam-bankman-fried\">Sam Bankman-Fried<\/a>\u2019s FTX, which it acquired in 2019 but then negotiated to sell back to FTX in July 2021.<\/p>\n<p> <a href=\"https:\/\/www.theguardian.com\/technology\/2024\/nov\/11\/ftx-sues-binance-changpeng-zhao\">Continue reading&#8230;<\/a><br \/>\n<img src=\"https:\/\/i.guim.co.uk\/img\/media\/6b8baec5763b0c05ace9e3cee5b82b4dace9337f\/0_57_3500_2100\/master\/3500.jpg?width=140&amp;quality=85&amp;auto=format&amp;fit=max&amp;s=63a4d8f64857bfdf6b6eeb9de0644547\" title=\"FTX sues Binance and its former CEO for $1.8bn\" \/>Collapsed cryptocurrency company says $1.8bn was \u2018fraudulently transferred\u2019 to Binance and its executives<br \/>\nThe collapsed cryptocurrency company FTX is suing Binance and its former CEO Changpeng Zhao, alleging that $1.8bn was \u201cfraudulently transferred\u201d by FTX management to Binance and its executives.<br \/>\nThe lawsuit relates to Binance\u2019s sale of its stake in Sam Bankman-Fried\u2019s FTX, which it acquired in 2019 but then negotiated to sell back to FTX in July 2021. Continue reading&#8230;Technology | The Guardian<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Collapsed cryptocurrency company says $1.8bn was \u2018fraudulently transferred\u2019 to Binance and its executives The collapsed cryptocurrency company FTX is suing Binance and its former CEO Changpeng Zhao, alleging that $1.8bn was \u201cfraudulently transferred\u201d by FTX management to Binance and its executives. The lawsuit relates to Binance\u2019s sale of its stake in Sam Bankman-Fried\u2019s FTX, which &hellip;<\/p>\n<p class=\"read-more\"> <a class=\"\" href=\"http:\/\/costops.com\/index.php\/2024\/11\/11\/ftx-sues-binance-and-its-former-ceo-for-1-8bn\/\"> <span class=\"screen-reader-text\">FTX sues Binance and its former CEO for $1.8bn<\/span> Read More &raquo;<\/a><\/p>\n","protected":false},"author":0,"featured_media":16522,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts\/16521"}],"collection":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/comments?post=16521"}],"version-history":[{"count":0,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts\/16521\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/media\/16522"}],"wp:attachment":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/media?parent=16521"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/categories?post=16521"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/tags?post=16521"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}