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Tag: fraud lawsuit

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Everett Thistlethwaite

FTX Sues Binance for $1.8 Billion Amid Allegations of Fraud

In a significant legal development within the cryptocurrency industry, FTX has initiated a lawsuit against Binance and its former CEO, Changpeng Zhao, seeking to recover approximately $1.8 billion. The lawsuit centers on a controversial share buyout that occurred in 2021, claiming it involved fraudulent activities that ultimately led to financial ruin for FTX, which once […]

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