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BNB-USD.CC
id: 840

FTX Clients vs. Binance & Zhao over Crypto Crash

N.D. California
Court
3:23-cv-05038
Case number
06 Nov 2022
Class period Start
08 Nov 2022
Class period End
FTX account holders seeking potential compensation from Binance and its CEO, claiming FTX was intentionally crashed to monopolize the crypto market.

Clients of bankrupt FTX brought a lawsuit against Binance and its CEO Changpeng Zhao, accusing Zhao of issuing statements that hastened the demise of FTX in order to remove a competitor and strengthen Binance's hold on the crypto market.

The case alleges that Zhao's actions violated federal securities laws and California's Unfair Competition Law.
Alleged Offence
Fraud
Price manipulation
Malpractice
Suspected Party
Directors
Management
Shareholder
Influencer
Security Type
Crypto Asset
Trade Direction
Long
Shock Event Date
11 November 2022
Filing date
02 October 2023
Judge
Hon. Peter H Kang
Collecting participants…

Binance Coin

Symbol
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