The collapsed cryptocurrency company FTX is suing Binance and its former CEO Changpeng Zhao, alleging that $1.8bn was “fraudulently transferred” by FTX management to Binance and its executives according to a detailed report by The Guardian.

FTX sues Binance and its former CEO Changpeng Zhao for $1.8bn

Binance, a cryptocurrency exchange, seeks to dismiss most of a case filed in London and valued at up to £10 billion ($12.8 billion). The lawsuit claims that Binance and other exchanges collaborated to "delist" the Bitcoin Satoshi Vision (BSV) cryptocurrency.

Binance seeks to dismiss the majority of £10 billion London lawsuit

A federal judge on Monday temporarily stopped bankrupt Voyager Digital from completing a proposed $1.3 billion sale to crypto exchange Binance.US, allowing the US government more time to pursue appeals that challenge the legality of the deal.

Judge halts Voyager Digital's $1.3 billion sale to Binance.US

After Binance reported record $1.9 billion in withdrawals during a 24-hour period between December 12 and December 13, its Chief Executive Officer Changpeng Zhao warned his colleagues to expect tough months ahead.

Binance braces for 'challenging period' after record $1.9bn outflows