Binance Co-Founder Changpeng Zhao Is Being Sued for $1.8 Billion by Sam Bankman-Fried’s Failed Crypto Exchange FTX
Former Binance CEO Changpeng “CZ” Zhao arrives at federal court in Seattle, Washington, on April 30, 2024. Photo: . Changpeng Zhao, the co-founder and former CEO of crypto exchange Binance, may have thought his legal troubles were over when he was recently released from prison.
FTX Sues Binance’s Changpeng Zhao, Alleging Fraudulent Buyback, Sabotage
FTX has filed a lawsuit against Binance and its former CEO Changpeng Zhao for $1.76 billion, asserting Binance’s role in FTX’s 2022 collapse. According to FTX, its founder, Sam Bankman-Fried, financed a share buyback using customer funds—a transaction the suit claims was motivated by Zhao’s alleged attempts to sabotage FTX’s market position.
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Binance Founder CZ Gained $12B Overnight When Trump Won And Now Shares His Future Plans After PrisonApart from Elon Musk, one of the biggest winners of the night was Binance founder Changpeng Zhao, better known as CZ.
Changpeng Zhao is not interested in returning to Binance. The former CEO’s net worth rose by $12 billion following Donald ...
The growing Bitcoin limelight will surely rub off on altcoins as well. Changpeng ‘CZ’ Zhao, Binance’s former CEO, who recently returned from prison, disagreed with the narrative that “Bitcoin is ...
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