FTX sues crypto exchange Binance to clawback $1.8B in ‘fraudulent transfers’

FTX – which “may have been insolvent from inception” – has sued rival crypto exchange Binance in an attempt to recover $1.76 billion of “fraudulent transfers” in a dispute whose parties are entities or individuals in Antigua, Bahamas, British Virgin Islands, Cayman Islands, China, Hong Kong, Ireland, and USA.