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FTX Targets Binance and CZ With $1.8 Billion Clawback
15.11.2024
Crypto mogul Changpeng Zhao—notoriously known as “CZ”—may be out of prison, but he’s not out of hot water yet. The bankruptcy estate of former-leviathan FTX has filed suit against Binance and its ex-CEO, CZ, seeking to recoup nearly $1.8 billion in allegedly...
FTX Wants $1.8 Billion From Binance and Changpeng Zhao
11.11.2024
A new lawsuit by the FTX estate claims Binance and its former CEO were parties to an allegedly fraudulent share repurchase transaction. FTX is Going After Its Former Investors FTX wants its money back. According to court documents released by FTX estate on Sunday, Binance, Changpeng Zhao (CZ),...
FTX Sues Binance, Former CEO CZ for $1.8B
11.11.2024
The filing alleges that FTX was already insolvent and the FTT tokens used in a share repurchase transaction were worthless, and therefore the transfer should be classed as fraudulent
Law Firm Handling FTX’s Bankruptcy Case Expected to Become Binance’s Independent Monitor
16.2.2024
New York-based law firm Sullivan & Cromwell, which is currently handling FTX’s bankruptcy case, is expected to be appointed as the independent monitor for Binance Holdings. The move comes after Binance reached a multibillion-dollar settlement with the US government. As part of...
Cristiano Ronaldo, MLB, and Mercedes F1 Hit with Litigation Relating to Binance, FTX
28.11.2023
Four recent class action lawsuits were filed against high-profile organizations and individuals for promoting the crypto exchanges, according to court documents filed in Miami on Monday. Cristiano Ronaldo, Major League Baseball, F1, and Mercedes-Benz and global advertising agency, Dentsu, are among...
FTX’s FTT token rallies 30% — Binance effect or FTX 2.0 reopening?
23.11.2023
This surge suggests significant institutional attention despite the token’s historical association with FTX’s financial challenges
Binance founder CZ’s fortune gets slashed $12B, while SBF is still at $0
27.10.2023
Binance CEO Changpeng Zhao’s crypto empire has fallen over 80% from its January 2022 peak of almost $97 billion
Changpeng Zhao's tweet 'contributed' to collapse of FTX, claims Caroline Ellison
12.10.2023
The former Alameda Research CEO placed part of the blame for FTX's failure on CZ, while the Binance CEO claimed Ellison's offer to buy the firm's FTT holdings was the cause
Class-action suit filed against Binance for alleged harm to FTX before its collapse
2.10.2023
A California resident is suing Binance and its CEO for tweets last November that, according to allegations, led to the collapse of the rival exchange
Kevin O’Leary doesn’t rule out criminal charges for Binance
9.6.2023
In an interview with Cointelegraph, Kevin O’Leary said he wouldn’t rule out the possibility of more serious charges against Binance and its CEO, Changpeng Zhao
Unraveling the Crypto Crisis: Timeline of Major Incidents
7.6.2023
The regulatory crackdown on crypto in the US has certainly intensified with the Securities and Exchange Commission’s (SEC) lawsuit against Binance and Coinbase, but our timeline shows that the crisis has already been ongoing for a long time.
These are the major incidents that shaped crypto in 2022...
SEC Chair Gensler Likens Binance to FTX, Expresses Concern Over Crypto Industry
7.6.2023
Gary Gensler – chairman of the U.S. Securities and Exchange Commission (SEC) – sees “parallels” between Binance and its failed competitor FTX’s handling of customer assets.
During an interview with Bloomberg on Tuesday, the chairman said financial advisors should not look to Binance as...
SEC's Gensler claims ‘parallels’ between Binance and FTX, yet one wasn't sued
7.6.2023
“Every major player has been sued by the SEC except for FTX,” several members of the crypto community have noted
Crypto Biz: Six months on from FTX, Tether mines BTC, and Nvidia’s AI superchips
2.6.2023
This week’s Crypto Biz also looks at the crypto industry after FTX collapse, Tether’s Bitcoin mining in Latin America, Tabi’s funding round and Nvidia’s artificial intelligence machines
New Report: Despite Crypto Ban, Chinese Citizens Trade on Binance and FTX Exchanges
8.5.2023
Beijing has said 'no' to crypto, but that doesn't seem to affect a number of Chinese citizens who have continued trading digital coins since the ban - reportedly, on exchanges including Binance, FTX, OKX, and Huobi.
According to a Bloomberg report, some portion of the country's 1.4 billion...
Spreading misinformation about Changpeng Zhao 'was the norm' for SBF, says Binance CSO
21.4.2023
Binance chief strategy officer Patrick Hillmann claimed former FTX CEO Sam Bankman-Fried was "constantly" using his platform to disparage CZ without considering the FTX Token sale
Binance US, Alameda, Voyager Digital and SEC — the ongoing court saga
13.3.2023
Court cases involving the U.S. SEC and some major crypto industry enterprises - Voyager Digital, Alameda Research and Biance - have continued to progress throughout 2023
US Senators Probe Crypto Exchange Binance About ‘Potentially Illegal Business Practices’
3.3.2023
Three U.S. senators have asked crypto exchanges Binance and Binance US for documents and answers pertaining to “potentially illegal business practices.” The lawmakers told Binance CEO Changpeng Zhao (CZ): “Your actions have called into question the legitimacy of your business...
Report Claims Binance Commingled User Funds Similar to FTX
27.2.2023
A new report claims Binance commingled different investors’ funds last year in a move "eerily" similar to actions by now-defunct cryptocurrency exchange FTX.
The world’s largest crypto exchange moved $1.8 billion of collateral set to back its customers’ stablecoins late last year, putting...
Would a Clear Out of Crypto Moguls and Their Centralized Companies Be Good for the Digital Asset Class?
18.1.2023
As more and more crypto companies face scrutiny – and some throw in the towel after a rough bear market - questions are being raised whether that could be a good thing for crypto after all....
Read More: Would a Clear Out of Crypto Moguls and Their Centralized Companies Be Good for the Digital...