FTX Sues Binance and Former CEO Zhao Over $1.8 Billion in Alleged Fraudulent Transfers
FTX Sues Binance and Former CEO Zhao Over $1.8 Billion in Alleged Fraudulent Transfers FTX has filed a lawsuit against Binance and its former CEO, ChangPeng Zhao, in an effort to recover nearly $1.8 billion that it claims was fraudulently transferred during a share transaction. The legal action, initiated by the estate of the now-defunct […]
FTX Settles Legal Dispute with Bybit for $228 Million
FTX Settles Legal Dispute with Bybit for $228 Million. FTX has reached a $228 million settlement with Bybit and its investment branch, Mirana, allowing it to reclaim vital assets for its creditors. This settlement is particularly crucial as it includes approximately $175 million in digital assets and $53 million in BIT tokens, pending court approval. […]
FTX investors halt lawsuit against law firm Sullivan & Cromwell
FTX investors halt lawsuit against law firm Sullivan & Cromwell. A group of investors in FTX informed a federal court in Miami on Wednesday of their decision to voluntarily withdraw their proposed class action lawsuit against the well-known U.S. law firm Sullivan & Cromwell. The investors had alleged that Sullivan & Cromwell was involved in […]