Two of the world’s biggest Crypto companies are fighting again, this time over this 2021 transaction

FTX’s estate sued Binance and its former CEO, Changpeng Zhao, for at least $1.76 billion over an alleged fraudulent share repurchase deal in 2021. FTX claims that Binance fraudulently exited its investment in FTX through the repurchase, which was funded by the then-insolvent Alameda Research using a combination of FTX’s and Binance’s assets.