FTX Sues Binance and Zhao for $1.8 Billion, Citing Questionable Deal and Misleading Tweets

FTX’s managers are suing Binance for $1.8 billion over a 2021 deal where Binance sold its stake in FTX. They allege Binance was aware of FTX’s financial issues, making the transaction potentially fraudulent. 

Zhao’s public statements prior to FTX’s collapse are also under investigation.