ChangpengZhao

FTX Launches $1.8 Billion Legal Battle Against Binance's Former CEO Zhao

1 month ago

In a significant legal development within the cryptocurrency sphere, FTX, the once-prominent exchange that collapsed in late 2022, has initiated a lawsuit against Binance's former CEO Changpeng Zhao. The lawsuit, filed in the U.S. Bankruptcy Court in Delaware, seeks to recover a staggering $1.8 billion from Zhao, alleging that the funds were improperly transferred and represent a "massive clawback" related to FTX's bankruptcy proceedings. This lawsuit signals a crucial moment in ongoing efforts by FTX's management to reclaim lost assets and resolve its crippling financial woes.

The Comeback of Binance's CZ: Plans Beyond Incarceration

1 month ago

In a surprising turn of events, Changpeng Zhao, widely known as CZ, the founder and CEO of Binance, is strategizing his life after serving time in prison. Following significant legal challenges and regulatory scrutiny that have plagued Binance, Zhao's post-incarceration game plan is capturing the attention of the cryptocurrency world. As one of the most influential figures in the crypto industry, his return raises questions about the future of Binance and the broader market landscape.

Crypto Mogul Zhao Vows More Tech Investment After Leaving US Custody

3 months ago

Changpeng Zhao is in the news again. The founder of one of the major cryptocurrency exchanges, Binance, plans to ramp up investments in technology after some time in US custody, amid turbulent times for the crypto industry.