In a significant legal development within the cryptocurrency industry, FTX, the now-defunct cryptocurrency exchange, has filed a lawsuit against Binance and its founder, Changpeng Zhao, seeking $1.8 billion in damages. The lawsuit, filed in the Delaware bankruptcy court, alleges that Zhao's actions, including misleading public statements, contributed to FTX's collapse by triggering a mass withdrawal of funds.
The origins of this legal battle trace back...