The FTX saga is still going strong in its third year.
The latest chapter: Binance and CZ have turned around and subpoenaed O'Leary and author Michael Lewis—one took money to promote FTX, and the other wrote a book about SBF. The case was filed on November 4; Bloomberg Law reported it first on November 5.
The dispute is over $1.76 billion. In July 2021, FTX bought back Binance's stake, paying with FTT, BNB, and BUSD. The liquidators say FTX was already insolvent at the time, so the money has to be paid back. On July 24, the judge ruled that the core claims could proceed.
O'Leary is digging through his promotional contract, Lewis is wondering which passages in his book will be highlighted, and CZ is making it clear he's fighting this on the evidence. Lose, and they'll have to pay back $1.76 billion.
$BNB 694 blocks are moving sideways, while $BTC 7.6万 are dragging their feet. In a lawsuit, the worst thing isn't losing—it's the delay.
Pick a side: A. Binance has the evidence, won't have to pay back the $1.76 billion, and 694 is the floor; B. The sword hanging overhead isn't falling—get out if it breaks below 690.
#币安 #FTX #CZ
The latest chapter: Binance and CZ have turned around and subpoenaed O'Leary and author Michael Lewis—one took money to promote FTX, and the other wrote a book about SBF. The case was filed on November 4; Bloomberg Law reported it first on November 5.
The dispute is over $1.76 billion. In July 2021, FTX bought back Binance's stake, paying with FTT, BNB, and BUSD. The liquidators say FTX was already insolvent at the time, so the money has to be paid back. On July 24, the judge ruled that the core claims could proceed.
O'Leary is digging through his promotional contract, Lewis is wondering which passages in his book will be highlighted, and CZ is making it clear he's fighting this on the evidence. Lose, and they'll have to pay back $1.76 billion.
$BNB 694 blocks are moving sideways, while $BTC 7.6万 are dragging their feet. In a lawsuit, the worst thing isn't losing—it's the delay.
Pick a side: A. Binance has the evidence, won't have to pay back the $1.76 billion, and 694 is the floor; B. The sword hanging overhead isn't falling—get out if it breaks below 690.
#币安 #FTX #CZ