Defunct crypto group FTX seeks to claw back $1.8 bn from Binance …C0NTINUE READING HERE >>>
The liquidators of the defunct cryptocurrency exchange FTX have sued to try to claw back $1.8 billion paid by the company to competitor Binance the year before its bankruptcy, according to court documents filed Sunday.
Binance owned a 20-percent stake in FTX, which FTX’s disgraced CEO Sam Bankman-Fried bought back on behalf of his company for $1.76 billion in July 2021.
According to court papers seen by AFP, FTX’s liquidators claim the transaction was fraudulent because FTX should…
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