Bitcoin24h $94,278.49-1.91%

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FTX sues Binance and CZ for ‘fraudulent tweets’ and $1.8B clawback

FTX says that Binance’s founder CZ intended to “destroy his rival” in a series of tweets right before FTX’s collapse.

Binance founder CZ made $12B overnight when Donald Trump won

Changpeng Zhao, aka CZ, was one of crypto’s biggest beneficiaries of Donald Trump’s victory over Kamala Harris.

Former Binance CEO Changpeng Zhao described the SEC’s amended lawsuit as “moot” and “meritless” and seeks to avoid disgorgement costs.

The coins were moved in two separate transactions of $59.2 million and $7.3 million shortly after bitcoin crept above the $70,000 threshold.