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The Independent UK

World

Justin Rohrlich

Bankrupt and disgraced FTX sues Binance for $1.8 billion in bare-knuckle crypto feud

FTX Binance Changpeng CZ Zhao Crypto Sam Bankman-Fried Lawsuit Prison

Imprisoned crypto king Sam Bankman-Fried is now accused of yet even more wrongdoing, this time by the defunct exchange he founded.

FTX, which was at one time the darling of the digital currency world, is suing fellow crypto exchange boss Changpeng “CZ” Zhao, the Binance founder who acquired an equity stake in FTX in 2019, claiming Bankman-Fried, known colloquially as “SBF,” committed fraud in making a later, related, deal with Zhao and wants its $1.76 billion back.

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