Class Action Lawsuit Filed Against Binance for Alleged Harm to FTX Before Its Collapse
A California resident East pursue Binance And It is CEO For tweets last November that, according to has allegations, directed has THE collapse of THE rival exchange.
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A class action suit was deposit against Binance.US And Binance CEO Chang Peng Zhao on October. 2 In THE District Court of North California alleging miscellaneous violations of federal And California law on unfair competition For to attempt has monopolize THE cryptocurrency walk by harm It is competitor FTX. THE suit was brought by Nir Lahav, WHO East identified only as A California resident.
HAS issue are posts do by Zhao on Twitter (NOW X) In early November on THE day before of FTX collapse. THE posts were do In conjunction with THE decision by THE accused has liquidate their assets In THE FTX utility token TTF on Nov. 6. THE plaintiffs estimated that Binance possesses up has 5% of all TTF tokens.
Suit
deposit
against
Binance
And
Chang Peng
Zhao.
Source:
CourtListenerTHE following day, Zhao declared In A Twitter job that Binance had sign A letter of intention has acquire FTX, but he supported out of that agreement A day later. According to has THE suit:
“Zhao publicly broadcast This information [on THE withdrawal of THE acquisition offer] on Twitter And other social media platforms has hurt FTX Entities that Ultimately lead has A precipitate And unprecedented collapse of FTX Entities. »
After began It is argument with A defense of THE Securities And Exchange Commissions (SECOND) Strategies on crypto And invocation of THE Supreme Courts Howey And Dreams the decisions, among others.
As part of Binance exit Since FTX equity last year, Binance received roughly $2.1 billion USD equivalent In species (BUSD And TTF). Due has recent revelations that to have came has light, We to have decided has liquidate any of them remaining TTF on OUR books. 1/4
— CZ Binance (@cz_b...
A California resident East pursue Binance And It is CEO For tweets last November that, according to has allegations, directed has THE collapse of THE rival exchange.
News
Join
We
on
social
networks
A class action suit was deposit against Binance.US And Binance CEO Chang Peng Zhao on October. 2 In THE District Court of North California alleging miscellaneous violations of federal And California law on unfair competition For to attempt has monopolize THE cryptocurrency walk by harm It is competitor FTX. THE suit was brought by Nir Lahav, WHO East identified only as A California resident.
HAS issue are posts do by Zhao on Twitter (NOW X) In early November on THE day before of FTX collapse. THE posts were do In conjunction with THE decision by THE accused has liquidate their assets In THE FTX utility token TTF on Nov. 6. THE plaintiffs estimated that Binance possesses up has 5% of all TTF tokens.
Suit
deposit
against
Binance
And
Chang Peng
Zhao.
Source:
CourtListenerTHE following day, Zhao declared In A Twitter job that Binance had sign A letter of intention has acquire FTX, but he supported out of that agreement A day later. According to has THE suit:
“Zhao publicly broadcast This information [on THE withdrawal of THE acquisition offer] on Twitter And other social media platforms has hurt FTX Entities that Ultimately lead has A precipitate And unprecedented collapse of FTX Entities. »
After began It is argument with A defense of THE Securities And Exchange Commissions (SECOND) Strategies on crypto And invocation of THE Supreme Courts Howey And Dreams the decisions, among others.
As part of Binance exit Since FTX equity last year, Binance received roughly $2.1 billion USD equivalent In species (BUSD And TTF). Due has recent revelations that to have came has light, We to have decided has liquidate any of them remaining TTF on OUR books. 1/4
— CZ Binance (@cz_b...What's Your Reaction?
