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cryptonews 2023-10-03 04:41:00

Binance CEO Changpeng Zhao Faces Class-Action Lawsuit Over Alleged Role in FTX's Collapse

Binance CEO Changpeng Zhao and Binance.US are facing a class-action lawsuit filed by a California resident Nir Lahav for their alleged role in causing the downfall of rival exchange FTX. The lawsuit further accuses them of various violations of federal and California law related to unfair competition and attempts to monopolize the cryptocurrency market. The lawsuit referred to a series of tweets made by Changpeng Zhao in early November, just before the dramatic collapse of FTX. ... Read More: Binance CEO Changpeng Zhao Faces Class-Action Lawsuit Over Alleged Role in FTX's Collapse

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