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FTX Sues Crypto Exchange Binance and Its Former CEO Zhao For $1.8 Billion
Monday November 11, 2024. 10:50 PM , from Slashdot
'Alameda was insolvent at the time of the share repurchase and could not afford to fund the transaction,' the suit claims, labeling the deal agreed with FTX co-founder Sam Bankman-Fried -- who's now serving a 25-year sentence over fraud linked to the downfall of his exchange -- a 'constructive fraudulent transfer.' Binance denies the allegations, saying in an emailed statement, 'The claims are meritless, and we will vigorously defend ourselves.' Read more of this story at Slashdot.
https://yro.slashdot.org/story/24/11/11/2116250/ftx-sues-crypto-exchange-binance-and-its-former-ceo-...
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