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In 2019, Binance acquired a 20% stake in collapsed FTX in a deal with Sam Bankman-Fried In 2021, Binance and FTX agreed to a deal that saw FTX buying back the stake, amounting to $1.76bn in FTT, BNB, and BUSD The transfer was done by Alameda Research, which was insolvent at the time and couldn’t […]
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Go here to Read this Fast! FTX sues Binance, former CEO CZ for alleged fraudulent $1.76b transfer
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FTX sues Binance, former CEO CZ for alleged fraudulent $1.76b transfer
