FTX Sues Binance CEO Zhao For $1.76 Billion: Conspiracy Vs Governance?

By Forbes | Nov 11, 2024 at 10:26 PM EST

FTX's bankruptcy estate filed a $1.76 billion lawsuit against Binance and ex-CEO Zhao for alleged fraudulent transactions leading to FTX's downfall. The suit details financial misconduct, market manipulation, and lack of governance in the crypto industry, highlighting the need for stronger regulations.

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