{"id":89868,"date":"2024-11-12T00:11:27","date_gmt":"2024-11-12T05:11:27","guid":{"rendered":"https:\/\/www.hedgeco.net\/news\/?p=89868"},"modified":"2024-11-11T22:56:01","modified_gmt":"2024-11-12T03:56:01","slug":"ftx-sues-crypto-exchange-binance-and-its-former-ceo-zhao-for-1-8-billion","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/11\/2024\/ftx-sues-crypto-exchange-binance-and-its-former-ceo-zhao-for-1-8-billion.html","title":{"rendered":"FTX sues crypto exchange Binance and its former CEO Zhao for $1.8 billion"},"content":{"rendered":"\n<p>(CNBC) The estate of collapsed crypto exchange FTX has filed a suit against Binance and its former CEO Changpeng Zhao in an effort to wrest back at least $1.76 billion, citing a \u201cfraudulent\u201d share deal. FTX cites a 2021 transaction in which Binance, Zhao and others exited their investment in FTX, selling a 20% stake in the platform and a 18.4% stake in its U.S.-based entity West Realm Shires back to the company.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.cnbc.com\/2024\/11\/11\/ftx-sues-crypto-exchange-binance-and-its-former-ceo-zhao-for-1point8-billion.html\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(CNBC) The estate of collapsed crypto exchange FTX has filed a suit against Binance and its former CEO Changpeng Zhao in an effort to wrest back at least $1.76 billion, citing a \u201cfraudulent\u201d share deal. FTX cites a 2021 transaction [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-89868","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/89868","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=89868"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/89868\/revisions"}],"predecessor-version":[{"id":89869,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/89868\/revisions\/89869"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=89868"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=89868"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=89868"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}