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HomeLifestyle NewsFTX Is Suing Binance and Changpeng Zhao for $1.8 Billion

FTX Is Suing Binance and Changpeng Zhao for $1.8 Billion

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Somehow, the FTX saga still isn’t over.

The estate of the failed cryptocurrency exchange founded by Sam Bankman-Fried is now suing another crypto exchange, The Verge reported on Monday. The FTX estate is seeking to recover $1.8 billion from Binance and its former CEO Changpeng Zhao, alleging that Bankman-Fried illegally transferred the money to those entities back in July 2021.

According to court documents viewed by The Verge, Binance at one point sold back its 20…

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