Binance versus FTX

The drama between FTX and Binance intensifies after Binance fires back at FTX’s $1.76 billion lawsuit, slamming the claims as baseless and pinning the blame for FTX’s spectacular collapse squarely on Sam Bankman-Fried’s infamous fraud.

Binance Founder CZ playfully mocks “Bitcoin is Dead” critics as Bitcoin hits a new all-time high, underscoring the cryptocurrency’s resilience and defying those who doubted its longevity.

Apple Studios and A24 are reportedly adapting Michael Lewis's book on Sam Bankman-Fried’s rise and fall, with Lena Dunham as screenwriter. As studios race to capture his scandal, the film highlights the intrigue and volatility of crypto. Will this be the ex-FTX CEO’s lasting legacy?

The FTX bankruptcy estate claims SBF’s $1.76 billion repurchase deal with Binance in July 2021 was a fraudulent transfer due to FTX’s insolvency. The lawsuit seeks to recover billions for FTX creditors, alleging the transaction was fraudulent.

Recent court hearings disclosed that the bankrupt crypto exchange FTX utilized customer funds to repurchase its entire stake held by competitor Binance. The revelation came as part of ongoing investigations related to the trial of Sam Bankman-Fried, with the U.S. Department of Justice hiring an accounting professor to trace the funds between Alameda and FTX.

The transferred assets underwent a two-step process, initially being moved to a holding wallet before eventually reaching the centralised exchanges.

Lawsuit alleges market manipulation through CEO's tweets, impacting rival exchange's downfall in the crypto world.

In an article published yesterday, Forbes once again attacked the world's largest cryptocurrency exchange Binance for alleged misconduct in handling customer funds.

The solution will enable institutional investors to keep their collateral off the exchange.

Expert opinions on the future of crypto exchanges differed.